2a Products of the Future Flashcards

A client heard through its hotline that John, the purchases journal clerk, periodically enters fictitious acquisitions. After John creates a fictitious purchase, he notifies Alice, the accounts payable ledger clerk, so she can enter them in her ledger. When the payables are processed, the payment is mailed to the nonexistent supplier's address, a post office box rented by John. John deposits the check in an account he opened in the nonexistent supplier's name.

b. List four personal (as opposed to organizational) fraud symptoms, or red flags, that indicate the possibility of fraud. Do not confine your answer to this example.

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economics

The market for which product best fits the definition of a perfectly competitive market?

a. eggs

b. tap water

c. movies

d. computer operating systems

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business

Trivoli Industries plans to issue perpetual preferred stock with an $\$ 11.00$ dividend. The stock is currently selling for $\$ 97.00$ , but flotation costs will be $5 \%$ of the market price, so the net price will be $\$ 92.15$ per share. What is the cost of the preferred stock, including flotation?

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economics

Distinguish between a carbon-tax and a cap-andtrade strategy for reducing carbon dioxide and other so-called greenhouse gases (that are believed by many scientists to be causing global warming). Which of the two strategies do you think would have the most political support in an election in your home state? Explain your thinking.

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