Which of the following statements about fraud detection is accurate?
a. Customers and clients are by far the most common source of voluntary fraud
detection.
b. The average fraud lasts about six months before being detected.
c. Tips are the most common form of fraud detection.
d. Internal audits are a particularly inefficient means of detecting fraud and are
responsible for as little as five percent of detections.
c. Tips are the most common form of fraud detection.
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One of the possible objectives of marketing communications is helping consumers evaluate a brand's perceived ability to meet a currently relevant need. Which of the following is a negatively oriented relevant brand need?
A) normal depletion B) sensory gratification C) social approval D) intellectual stimulation E) value enhancement
The interest coverage ratio equals
A) income before income taxes minus interest expense divided by income before income taxes. B) income before income taxes minus interest expense divided by interest expense. C) income before income taxes plus interest expense divided by interest expense. D) income before income taxes plus interest expense divided by total assets.
A company reported the following information for the month of July: Sales$50,475Sales discounts 1,235Sales returns and allowances2,840Cost of goods sold33,975Required: Calculate this company's gross profit.
What will be an ideal response?
Which of the following is/are true?
a. Most derivative acquisitions represent marketable securities held as current assets. b. The cash flow from operations section shows a subtraction for the increase in the current asset accounts in an amount equal to the firm's expenditure to acquire the derivative. c. If the firm classifies the derivative as a nonoperating asset, then the cash outflow appears in the investing section of the statement of cash flows. d. Subsequent to acquisition, the firm may report changes in the fair value of the derivative in income. e. all of the above