Mayfair co. allows select customers to make purchases on credit. its other customers can use either of two credit cards: zisa or access. zisa deducts a 3% service charge for sales on its credit card. access deducts a 2% service charge for sales on its card. mayfair completes the following transactions in june. june 4 sold $650 of merchandise on credit (that had cost $400) to natara morris. 5 sold $6,900 of merchandise (that had cost $4,200) to customers who used their zisa cards. 6 sold $5,850 of merchandise (that had cost $3,800) to customers who used their access cards. 8 sold $4,350 of merchandise (that had cost $2,900) to customers who used their access cards. 13 wrote off the account of abigail mckee against the allowance for doubtful accounts. the $429 balance in mckee’s account stemmed from a credit sale in october of last year. 18 received morris’s check in full payment for the purchase of june 4.

required: prepare journal entries to record the preceding transactions and events. (the company uses the perpetual inventory system.) (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

One investigating company tracked all credit card purchase during 2012 and measured two variables: (1) the type of credit card used (visa, mastercard, american express, or discover), and (2) the amount (in dollars) of each purchase. identify the level of each variable measured.

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.

How did lani lazzari show her investors she was a good investment? (site 1)