Business
Business, 09.10.2019 19:20, keshewar4427

Patrick works for mcgill’s computer repair, owned and operated by frank mcgill. as a computer technician, patrick has grown accustomed to friends and family members asking for assistance with their personal computers. in an effort to increase his income, patrick started a personal computer repair business that he operates out of his home on a part-time basis, working evenings and weekends. because patrick is doing this "on the side" for friends and family, he does not want to charge as much as mcgill’s charges its customers. when frank mcgill assigned patrick the task of developing the budget for his department, patrick increased the amount budgeted for computer parts. when the budget was approved, patrick purchased as many parts as the budget allowed, even when they were not needed. he then took the extra parts home to use in his personal business in an effort to keep his costs down and profits up. so far, no one at mcgill’s has asked about the parts expense because patrick has not allowed the actual amount spent to exceed the budgeted amount.1. why would patrick’s actions be considered fraudulent? 2. what can a company do to protect against this kind of business risk?

answer
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 18:10, hellokitty1647
Nestlé, a global food company headquartered in switzerland, provides its customers in each country with highly differentiated and customized products that fit the tastes and preferences of the local population. nestlé invests considerable resources in developing and maintaining a strong brand name that complements its high-quality product offerings across the globe. which of the following best fits nestlé's global strategy? 1. international strategy2. multi-domestic strategy3. global standardization strategy4. transnational strategy
Answers: 2
image
Business, 22.06.2019 20:10, janayflowers042
Russell's is considering purchasing $697,400 of equipment for a four-year project. the equipment falls in the five-year macrs class with annual percentages of .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. at the end of the project the equipment can be sold for an estimated $135,000. the required return is 13.2 percent and the tax rate is 23 percent. what is the amount of the aftertax salvage value of the equipment assuming no bonus depreciation is taken
Answers: 2
image
Business, 22.06.2019 20:10, keem8224
Given the following information, calculate the savings ratio: liabilities = $25,000 liquid assets = $5,000 monthly credit payments = $800 monthly savings = $760 net worth = $75,000 current liabilities = $2,000 take-home pay = $2,300 gross income = $3,500 monthly expenses = $2,050 multiple choice 2.40% 3.06% 34.78% 33.79% 21.71%
Answers: 2
image
Business, 22.06.2019 23:30, lulustar13
Atelephone call center uses three customer service representatives (csrs) during the 8: 30 a. m. to 9: 00 a. m. time period. the standard service rate is 3.0 minutes per telephone call per csr. assuming a target labor utilization rate of 80 percent, how many calls can these three csrs handle during this half-hour period?
Answers: 1
Do you know the correct answer?
Patrick works for mcgill’s computer repair, owned and operated by frank mcgill. as a computer techni...

Questions in other subjects:

Konu
Biology, 13.10.2020 05:01