Case 8 Decide whether each situation is or is not a symptom of revenue fraud. Then explain (1) why the situation is or is not a symptom and (2) if it is a symptom, how it would be found using computer queries or traditional methods. Y/N Sales discounts appear too high. Y/N Accounts receivable increases as a percentage of revenues. Y/N Bad debt allowance increases by the same per centage as accounts receivable. Y/N Increase in sales returns. Y/N Large percent of revenues recorded in the fourth quarter. Y/N Unexplained reconciling items on the bank statement.

Torino company has 1,300 shares of $50 par value, 6.0% cumulative and nonparticipating preferred stock and 13,000 shares of $10 par value common stock outstanding. the company paid total cash dividends of $3,500 in its first year of operation. the cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:

You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals:

Drag each label to the correct location on the image determine which actions by a manager are critical interactions - listening to complaints - interacting with customers - responding to complaints - assigning staff duties -taking action to address customer grievances -keeping track of reservations