STR 581 help A Guide to career/uophelp.com STR 581 help A Guide to career/uophelp.com
STR 581 Capstone Final Exam Part 2 (in the last score is 22/25)
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1 Intanke Inc. manufactures vacuum cleaners. The following
information is available for the company.
Per unit cost
Sales $550
Variable expenses 370
The fixed expenses are $95,000. Calculate the net operating income for
750 vacuum cleaners.
A. $135,000
C. $35,000
D. $40,000
2 Rinetin Corporation has been falsifying its financial statements for the
past year. The staff in the accounting department of the company have
been fake employee IDs and recording payments on the company’s
payroll. The funds sent to these fake employees are then redirected to the
company’s bank accounts. When Rinetin Corporation is audited, the
auditors fail to discover this fraud because of their negligence. Months
later, a whistle-blower alerts the appropriate authorities about the
company’s deceptive practices. In this scenario, the accountants who
conducted the audit of the company will be held civilly liable under
__________.