A person calls the Stark residence and pretends to represent a credit card company. He asks Mrs. Stark to confirm her credit card number. This is an example of ________
A) hacking
B) data mining
C) pretexting
D) sniffing
C
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The auditor should be alert to the risk of material misstatements when cash flows from operations are negative and net income (rather than loss) is reported
a. True b. False Indicate whether the statement is true or false
Denny’s was named in multiple lawsuits for ______.
a. diversity issues b. sexist issues c. gender issues d. LGBTQ issues
On June 30, Alpha Company's cash balance is $4,000
Alpha is now preparing their cash budget for the third quarter of the year. The following data is provided: Cash budget July Aug Sep Beginning cash balance $4,000 $8,000 $6,958 Plus: Cash collections 50,000 40,000 49,000 Cash available $54,000 $48,000 $55,958 Less: Cash payments Purchases of direct materials 31,000 22,000 17,100 Operating expenses 12,000 9,000 11,000 Capital expenditures 13,000 25,000 0 Interest expense at 5% 0 42 104 Less: Total cash payments $56,000 $56,042 $28,204 Ending cash balance before financing $(2,000 ) $(8,042 ) $27,754 Minimum cash balance desired (5,000 ) (5,000 ) (5,000 ) Cash excess/(deficiency) $(7,000 ) $(13,042 ) $22,754 Financing Borrowing at end of month 10,000 15,000 Principal repayments at end of month $(20,000 ) Total effects of financing 10,000 15,000 (20,000 ) Ending cash balance $8,000 $6,958 $7,754 The amount of cash that should be shown in the budgeted balance sheet as of September 30 would be ________. A) $6,958 B) $55,958 C) $7,754 D) $22,754
Amanda is a twenty-four year old student. For two years Amanda has been going to gym and using weight equipment, stationary bicycles, and step machines to improve muscle tone. One spring afternoon Amanda was using a weight machines in the usual way (and the way she was showed how to use it), when the machine malfunctioned causing her serious injury. The company that made the machine, Musclematic,
has known for the past year that this problem existed, but the company took no steps to warn people who owned or used these machines of the problem. Because Musclematic is a business, if Amanda files suit against them, the case is: a. likely to be over rather quickly b. likely to require use of many documents and exhibits c. likely to result in a small jury award d. likely to be appealed before the trial is over e. none of the other choices