The december 31, 2018, year-end inventory balance of the raymond corporation is $248,000. you have been asked to review the following transactions to determine if they have been correctly recorded.1. goods shipped to raymond f. o.b. destination on december 26, 2018, were received on january 2, 2019. the invoice cost of $49,000 is included in the preliminary inventory balance.2. at year-end, raymond held $33,000 of merchandise on consignment from the harrison company. this merchandise is included in the preliminary inventory balance.3. on december 29, merchandise costing $7,900 was shipped to a customer f. o.b. shipping point and arrived at the customer's location on january 3, 2019. the merchandise is not included in the preliminary inventory balance.4. at year-end, raymond had merchandise costing $34,000 on consignment with the joclyn corporation. the merchandise is not included in the preliminary inventory balance. required: determine the correct inventory amount to be reported in raymond's 2018 balance sheet.

Each of the following scenarios is based on facts in anactual fraud. categorize each scenario as primarily indicating (1) anincentive to commit fraud, (2) an opportunity to commit fraud, or(3) a rationalization for committing fraud. also state your reasoningfor each scenario. a. there was intense pressure to keep the corporation ' stock from declining further. this pressure came from investors, analysts, and the ceo, whose financial well-being was significantly dependent on the corporation ' s stock price. b. a group of top-level management was compensated (mostly in the form of stock-options) well in excess of what would be considered normal for their positions in this industry. c. top management of the company closely guards internal financial information, to the extent that even some employees on a “need-to-know basis” are denied full access. d. managing specific financial ratios is very important to the company, and both management and analysts are keenly observant of variability in key ratios. key ratios for the company changed very little even though the ratios for the overall industry were quite volatile during the time period. e. in an effort to reduce certain accrued expenses to meet budget targets, the cfo directs the general accounting department to reallocate a division’s expenses by a significant amount. the general accounting department refuses to acquiesce to the request, but the journal entry is made trough the corporate office. an accountant in the general accounting department is uncomfortable with the journal entries required to reallocate divisional expenses. he brings his concerns to the cfo, who assures him that everything will be fine and that the entries are necessary. the accountant considers resigning, but he does not have another job lined up and is worried about supporting his family. therefore, he never voices his concerns to either the internal or external auditors. f. accounting records were either nonexistent or in a state of such disorganization that significant effort was required to locate or compile them.

Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship

Atax on the sellers of coffee will a. increase the price of coffee paid by buyers, increase the effective price of coffee received by sellers, and increase the equilibrium quantity of coffee. b. increase the price of coffee paid by buyers, increase the e ffective price of coffee received by sellers, and decrease the equilibrium quantity of coffee. c. increase the price of coffee paid by buyers, decrease the effective price of coffee received by sellers, and increase the equilibrium quantity of coffee. d. increa se the price of coffee paid by buyers, decrease the effective price of coffee received by sellers, and decrease the equilibrium quantity of coffee.