Answered: A vegetable vendor gave eight hundred…

A vegetable vendor gave eight hundred grams of tomatoes to a lady who had asked for one kilogram of it. What type of unethical act you observe here?

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter12: Financial Statements, Closing Entries, And Reversing Entries

Section: Chapter Questions

Problem 4A

See similar textbooks

Similar questions

1. You are in line to check out at your favorite bagel store when the customer in front of you reaches for cream cheese in a container in a refrigerated area. You notice she drops a $20 bill. She just paid for her food and left the store. You’re late for work already and your boss is a stickler for punctuality. What would you do assuming you can catch up with the customer?
Imagine you are having lunch in the cafeteria at work and you overhear a manager sitting at an adjacent lunch table remark loudly "having all of this excess inventory is evil in so many ways".... Explain why this manager would make this remark.
The government made it compulsory for all citizens to wear mask in public places. Because of high usage of mask there is shortage of mask availability. Mr Lala is having huge stock of mask in his shop. But he is waiting to sell when there is no choice for the people to buy at high price from his shop. This action is called? a.Discrimination b.Hoarding c.Interest d.Swearing
Mrs. Paul the owner of several supermarkets across the country is concerned about the errors being made by the cashiers while carrying out their daily duties. Customers are constantly complaining about being overcharged for items and this has significantly affected customer service. Mrs. Paul is very worried and has sought your help on this matter. Her inventory and the cashiering system only carry prices that are stuck to each item, which then needs to be manually entered to calculate the final price. what is the underlying problem as it relates to the errors being made and recommend a solution, incorporating technology, to avoid a reoccurrence of this going forward?
Case 1: You're working the breakfast shift at a fast-food restaurant when a delivery of milk, eggs, and other dairy products arrives. There's a story in the local newspaper about contaminated milk distributed by the dairy that delivers to your restaurant. Upon reading the article more closely, you discover that only a small portion of the dairy's milk is contaminated, and the newspaper lists the senal numbers of the affected containers. When you point out the article to your manager, he tells you to forget it. "If you think we've got time to go through every carton of milk to check serial numbers, you're crazy," he says. The article says nght here that the chances are very less that anyone has a contaminated carton." He also explains that he doesn't have the workers to check the milk, and what's more, destroying the milk would require him to buy emergency milk supplies at the retail price. So he tells you to get back to work and forget about the milk. He says, "I don't have the time or…
Cain, the authorized signer on his company's accounts, prepared and signed a check payable to the company's plumber. He gave the check to Baker, his secretary, and asked her to mail the check to the plumber. Instead, Baker took the check home, signed the plumber's name on the back, and had her husband cash the check at their grocery store. Baker committed which of the following schemes? a. An authorized maker scheme O b. A forged endorsement scheme O c. An altered payee scheme O d. A forged maker scheme
3. A patient who has not paid a bill has come to the emergency room for medical treatment. While there, a medical assistant notices a large amount of money in her purse. The medical assistant tells the security guard. The guard stands at the patient’s room and refuses to let her leave until she pays some money toward her bill. Can the patient file charges against the hospital? If so, what will the proper complaint read?
4. Mr. Clark, a computer technician in a small village near Muscat is the only technician available in that village. He knows that now because of this pandemic situation most of the people are working from home on their personal computers and systems, so he uses to charge more price for any kind of repairs or services to the people compare to prices for the same services in Muscat where more technician is available. This action of Mr. Clark is: A. Unethical because businesses operate in a society and society has expectations of proper behavior of business. B. Ethical because it is not illegal for a company to set its prices high. C. Ethical because there is more demand for the service. D. Unethical because it is not only one way.
A saw a TV advertisement of a body cologne showing women getting attracted to and running after the man who used the said product. Believing what he saw on TV, A bought the cologne, wear it and walked along Session Road. He was disappointed when women gave no attention to him. A. A can complain for damages on ground of fraud because the advertisement is not true. B. A can complain for damages because the advertisement is an exaggeration. C. A cannot complain because the advertisement is in the nature of a "trader's talk" or "dealer's talk”. D. A cannot complain because there is no contract between him and the cologne's manufacturer.
Consider the following misstatements that have occurred in Ana Accessories, a trading company selling bags 1. A purchase clerk regularly orders bags for personal use. These orders always cost less than $3,000. The company requires authorization only for purchase orders above $3,000.2. The warehouse department checks the quality of a shipment it receives and verifies its quantity against the supplier’s dispatch note. However, they do not verify this against the purchase order as it was never sent to them. The shipment included three batches of handbags that the company did not order but paid for.3. There is no application control over recording invoices.4. The purchase ledger clerk, who records invoices daily, makes several mistakes recording them. As a result, suppliers are paid incorrectly.5. The finance director only approves the total amount of payments to be made from a list of payees, some of whom are fictitious.6. The sales ledger clerk takes a vacation during Christmas. Upon…
48. A sales invoice for P 5,200 was computed correctly but, by mistake, was entered as P 2,500 to the sales journal and to the accounts receivable master file. The customer remitted only P 2,500, the amount on his monthly statement. Select the control that should have prevented the misstatement. Group of answer choices Unauthorized remittance deductions made by customers or other matters in dispute are investigated promptly by a person independent of the accounts receivable function. Sales invoice serial numbers, prices, discounts, extensions, and footings are independently checked. The customers’ monthly statements are verified and mailed by a responsible person other than the bookkeeper who prepared them. Prelistings and predetermined totals are used to control postings.
37. 38. 39. Frank buys a classic Vegas chaise-longue from Sammy at a garage sale. Frank writes Sammy a check for $500 to pay for the chair. Sammy is the payee. the drawee. the drawer. none of the choices. a. b. C. d. Jack signs a check “pay to the order of Faye” drawn on Jack's account at Chinatown Bank. Jack has $500 in his account, but the amount of the check is $750, which the bank pays. This is a dishonored check. a. b. C. d. Alec writes a check drawn on Beetlejuice Bank for $250 "payable to Geena" on May 1. Alec dies on May 3. Geena presents the check to the bank on May 5. Unaware of Alec's death, the bank a. b. a cashier's check. an overdraft. a stale check. C. d. must certify the check. may pay the check. must consult with Alec's heirs before paying the check. can do nothing until Ian claims an interest in the account.