The type of fraud committed by company managers who make false and misleading entries in the books, making the financial results of the company appear better than they actually are, is called:
Answers
Answer:
Fraudulent Financial reporting
Explanation:
Fraudulent financial reporting is practiced by managers to present financial position of the firm in a better way. Managers manipulate the figures in profit or loss or balance sheet to make the statements appear good with an intention to deceive investors.
This could be done by managers under pressure from upper management or for personal benefits. It can be avoided by getting external auditors to audit the statements.
Related Questions
Bresnee, a European automobile company, plans to sell its automobiles in Lador, an Asian country. To do this, Bresnee has to make certain modifications in its marketing strategy such as using the regional language of Lador in its advertisements. Without such changes, Bresnee would not be able to establish a market in the country. In the given scenario, Bresnee is most likely facing the barrier of _____.
Which of the following would NOT be considered a characteristic of entrepreneurs?a. initiative b. unimaginative c. innovative d. risk taker
On April 1, 2019, Barnes Services received a 9-month note for $12,000 at 12%. Calculate the amount of interest due at maturity. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
___________ is the management function of creating a vision for the organization and guiding, training, coaching, and motivating employees to help achieve the goals and objectives of the organization.
Answers
Answer: Self-efficacy
Explanation:
Self-efficacy refers to an individual's confidence in performing the behaviors necessary to achieve the results. To develop self-efficacy, the person must work on itself and this is achieved by preparing itself in the area required to be able to fulfill the tasks assigned. There is also confidence, a person who has the knowledge to solve something but who feels that he cannot do it will contribute to not doing what is expected.
A person's perception of himself influences every aspect of his life. How he carries out his activities and how he relates to others is part of this. In many companies, they try to motivate their employees so that they can be able to further develop their potential, which will lead to a better job.
B) Cash flows provided by operating activities 12,000
C) Cash flows used by investing activities (8,000)
D) Cash flows provided by financing activities 9,000
What is the ending cash balance?
Answers
Answer:
$27000
Explanation:
Given: Beginning Cash balance $14,000
Cash flows provided by operating activities 12,000
Cash flows used by investing activities 8,000
Cash flows provided by financing activities 9,000
Now, calculating the ending cash balance:
Ending cash balance is calculated by subtracting cash outflow from cash inflow.
∴ Ending cash balance=
Ending cash balance=
∴ Ending cash balance for December 31, 2019 is $27000.
b) price to rise.
c) price to fall.
d) quantity demanded to increase.
Answers
Answer:
The correct answer is option (B).
Explanation:
According to the scenario, the most appropriate answer is option (B) because when there is a shortage of a product, the demand for the product remains the same and hence this can result in price to rise of that product.
While the other options are not correct because of the following reasons:
- Option (A) is not that appropriate because when there is a shortage of any product, it is obvious to decrease in quantity supplied but it doesn't show any tendency.
- Option (C) is not correct because when there is a shortage of any product there is no chance of price to fall.
- Option (D) is not correct because when there is a shortage of any product, it doesn't matter to increase in quantity.
Final answer:
In a scenario where there is a shortage of a product in an unregulated market, there is a tendency for the price to rise. This happens because of the increased competition among buyers for limited goods, demonstrating the principles of supply and demand.
Explanation:
When a product is in short supply and the market is unregulated, the market mechanism will respond in such a way that there is a tendency for the price to rise. This happens because the shortage of product creates competition among buyers, which drives the price up. This concept is a fundamental principle of supply and demand. When demand exceeds supply, prices naturally tend to go upward in an unregulated market until equilibrium is reached. Hence, the correct answer is b) price to rise.
Learn more about Supply and Demand here:
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Answer:
The correct answer is A. Decreasing; teams.
Explanation:
The most successful organizations are those whose management teams together learn to make things better and better. If the teams of managers want the rest of the company to be innovative, integrated, efficient and customer-oriented, they should set the best example with their actions. People tend to do more what their leaders do than what they say needs to be done.
Teamwork is, in these circumstances, an imperative that must be practiced from the top management of the organization, as it is the key to success to face the new challenges of companies.
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Answer:
The answer is: the Catholic Church
Explanation:
The Catholic Church is not the only religion that opposes loaning money at interest: Muslims, Jews and other Christians also oppose it. It is considered a sin by many, the term they use is usury.
Probably if you think about it in a religious way, you might believe that interest is bad. I agree that businesses that charge higher interest rates than usual to certain groups of people are doing wrong (e.g. payday loans), but what banks do is not.
It is also a matter of personal belief, because it's easier to criticize someone else, but banks sometimes do good things. They help people buy their houses or pay for expensive medical care.
The world has changed, and will keep changing. Many things that we consider normal now will probably be considered outrageous in 50 or 100 years.
It's written in their Holy Bible that you shall not charge interest to your Brother, interest on money, interest on food, interest on anything that is lent on interest
Answers
Answer:
$4,392,000
Explanation:
For computing the cost of the goodwill, first we have to calculate the fair value of the net asset which is shown below:
The fair value of net asset = Asset balance + fair value of land - liabilities balance
= $11,450,000 + $690,000 - $4,890,000
= $7,250,000
And, the acquire value is $11,642,000
So, the goodwill would be
= $11,642,000 - $7,250,000
= $4,392,000