Amy Fisk, the owner of Amy's Dress Shop, has delegated management of the business to Micah Floyd, a friend. Fisk drops by the business to meet customers and checks up on cash receipts, but Floyd buys the merchandise and handles cash disbursements. Business has been brisk lately, and cash receipts have kept pace with the apparent level of sales. However, for a year or so the amount of cash on hand has been too low. When asked about this, Floyd explains that designers are charging more for dresses than in the past. During the past year Floyd has taken two expensive vacations, and Fisk wonders how Floyd could afford these trips on his \(\$ 35,000\) annual salary and commissions.

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List at least three ways Floyd could be defrauding the business of cash. In each instance, also identify how Fisk can determine whether Floyd's actions are ethical. Limit your answers to the dress shop's cash disbursements. The business pays all suppliers by check (no EFTs).