Which of the following ratios would not generally be used to look for inventory- and cost of
Question:
Which of the following ratios would not generally be used to look for inventory- and cost of goods sold-related frauds?
a. Accounts payable turnover.
b. Gross profit margin.
c. Inventory turnover.
d. Number of days’ sales in inventory
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
The correct answer is a Accounts payable turnover Accounts payable t...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
Question Posted:
Students also viewed these Business questions
-
(Multiple choice) 1. When looking for inventory fraud, an important question to ask is: a. What is the nature of inventory? b. What is the age of inventory? c. What is the salability of inventory? d....
-
A vertical analysis is best used to make comparisons between multiple companies. true False In vertical analysis of the income statement, we usually express each income statement item as a percentage...
-
Ques 1: What is the major complaint by firms concerning the Sarbanes-Oxley act of 2012? A. the legislative maximum allowable compensation for a CEO. B. the legal requirement to disclose project...
-
A) Draw the output waveforms and then find the repeated sequence of the following ripple counter [6 mark CLK 1 1 K A A' B J 11 1 B K J K C
-
Use the data in Short Exercise 14A-2 and your results. Requirement 1. Prepare the businesss complete statement of cash flows for the year ended June 30, 2012, using the direct method for operating...
-
A car is traveling on a level road with speed v0 at the instant when the brakes lock, so that the tires slide rather than roll. a) Use the work-energy theorem to calculate the minimum stopping...
-
In a factory, the product passes through two processes A and B. A loss of 5% is allowed in process A and 2% in process B, nothing being realized by disposal of the wastage. During April, 10,000 units...
-
The Great Lakes Company, a grocery store chain, purchases apples from a produce distributor in Virginia. The grocery company has an agreement with the distributor that it desires shipments of 10,000...
-
A construction company entered into a fixed-price contract to build an office building for $14 million. Construction costs incurred during the first year were $4 million and estimated costs to...
-
When looking for inventory fraud, an important question to ask is: a. What is the nature of inventory? b. What is the age of inventory? c. What is the salability of inventory? d. All are important...
-
In order to analyze financial statements for fraud, an auditor or fraud examiner should consider all of the following except: a. The types of accounts that should be included in the financial...
-
An experimenter seeks to use a sinusoidal potential of the form studied in Example 15.2 to make a one-dimensional trap to confine a number of electrons for further study. She places one electron in...
-
Determine the magnitude of the magnetic flux through the south-facing window of a house in British Columbia, where Earth's B field has a magnitude of 5.8 x 10-5T and the direction of B field is 72...
-
A wedge with an inclination of angle rests next to a wall. A block of mass m is sliding down the plane, as shown. There is no friction between the wedge and the block or between the wedge and the...
-
Conner Leonard worked for Purges Manufacturing for 32 years. Along with four other men, he helped to start the company that designed and built products sold around the world. Purges Manufacturing...
-
Reconsider the collision between two objects diagrammed below where two objects move on a frictionless surface. Before collision After collision Experiment 1 A, 1 B A B Draw complete and properly...
-
3. Now the bomb arrives. Please catch fx,y(x, y) = = cx cx - dy, where 0 < x < 1, 0 y x. 13 a) Please find coefficients c, d such that cd= 8 b) Please find fx(x) and fy (y). Are X and Y independent?...
-
Find the orthogonal projection of the vector v = (1, 1, l)T onto the following subspaces, using the indicated orthonormal/orthogonal bases: (a) The line in the direction (b) The line spanned by (2, -...
-
Reichenbach Co., organized in 2018, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2018 and 2019. Instructions...
-
Jackson signed an agreement to sell 79 acres of land to Devenyns. Jackson owned 80 acres and was apparently intending to keep for himself the acre on which his home was located. The written agreement...
-
Boeing Airplane Co. contracted with PittsburghDes Moines Steel Co. for the latter to construct a supersonic wind tunnel. R.H. Freitag Manufacturing Co. sold materials to York-Gillespie Co., which...
-
Louise Pulsifer owned a farm that she wanted to sell and ran an ad in the local newspaper. After Russell Gillespie agreed to purchase the farm, Pulsifer wrote him a letter stating that she would not...
-
thumbs up if correct A stock paying no dividends is priced at $154. Over the next 3-months you expect the stock torpeither be up 10% or down 10%. The risk-free rate is 1% per annum compounded...
-
Question 17 2 pts Activities between affiliated entities, such as a company and its management, must be disclosed in the financial statements of a corporation as O significant relationships O segment...
-
Marchetti Company, a U.S.-based importer of wines and spirits, placed an order with a French supplier for 1,000 cases of wine at a price of 200 euros per case. The total purchase price is 200,000...
Study smarter with the SolutionInn App