Which of the following proactive fraud detection methods use Benford's Law to detect fraud?
a. Vertical analysis
b. Digital analysis
c. Real-time analysis
d. Time trend analysis.
b
FEEDBACK: a. Incorrect.
b. Correct. Digital analysis is the art of analyzing the digits that make up numbers like invoice amounts, costs, etc. The distribution of digits actually follows Benford's law, which is the primary method of digital analysis in fraud investigations.
c. Incorrect.
d. Incorrect.
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A list of tables, list of graphs, list of appendices, and list of exhibits are found in which part of the marketing research report?
A) table of contents B) letter of transmittal C) letter of authorization D) executive summary
When it comes to programmed value patterns which orientation identifies how societies deal with human inequality?
A. power distance B. individualism versus collectivism C. masculinity versus femininity D. uncertainty avoidance
Which of the following is true?
a. A security agreement may create or provide for a security interest in property that the debtor presently does not own or have rights to. b. Obligations covered by a security agreement may not include future advances. c. Federal regulation allows a credit seller or lender to obtain a nonpossessory security interest in a consumer's household goods, such as furniture, appliances, and clothing, whether as a purchase money security interest or otherwise. d. Encryption of a record cannot serve as a debtor's authentication of a security agreement.
Razor Inc. manufactures industrial components. One of its products used as a subcomponent in auto manufacturing is Fluoro2211. The selling price and cost per unit data for 9,000 units of Fluoro2211 are as follows. Per Unit DataSelling Price $150 Direct Materials 20 Direct Labor 15 Variable Manufacturing Overhead 12 Fixed Manufacturing Overhead 30 Variable Selling 3 Fixed Selling and Administrative 10 Total Costs 90 Operating Margin $60 During the next year, sales of Fluoro2211 are expected to be 10,000 units. All costs will remain the same except for fixed manufacturing overhead, which will increase by 20%, and direct materials, which will increase by 10%. The selling price per unit for next year will be $160. Based on these data, Razor Inc.'s total
contribution margin for next year will be: (CMA adapted) A. $980,000. B. $882,000. C. $1,080,000. D. $972,000.