Fraud Examination
Fraud Examination
5th Edition
ISBN: 9781305079144
Author: W. Steve Albrecht, Chad O. Albrecht, Conan C. Albrecht, Mark F. Zimbelman
Publisher: Cengage Learning
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Chapter 4, Problem 8MCQ
To determine

The correct option for which of the following is usually the most effective tool in preventing and detecting fraud.

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B2 A 1 DATE VALUE X✓ fx 2 1 3 9 4 548 56 3835 40468 VALUE B C D E F G H MEASURE Current Date (TODAY) VALUE FORMULA MEASURE VALUE FORMULA Current Time (NOW) #N/A #N/A Use E6 "Problem Date" for green cells in col. E & I Cumulative full days this year #N/A Year to date fraction (YEARFRAC) #N/A Use E6 "Problem Date" for green cells in col. E & I Month to date fraction of year #N/A 10/8/2019 Day of the week #N/A 6 Problem Date 7 Year (YEAR) 8 Date Value Fractional Date Month (MONTH) 9 40468.25 Day (DAY) 10 40468.375 11 40468.625 12 13 14 15 DATE DATA CLEANUP and MANIPULATION End of month Start of month Start of next month First day of the year #N/A #N/A #N/A #N/A #N/A #N/A #N/A TIP: Use custom date format to display as the name of the day (dddd) Name of month Workdays in current month #N/A #N/A 30 workdays (excluding weekends) from today Days between today and 30 workdays from now #N/A #N/A 16 Target $2,000 17 18 DATE REVENUE MONTH DAY OF WEEK Hit Target? MONTH DAY OF WEEK FORMULAS for…
Job 528 was one of the many jobs started and completed during the year. The job required $11,200 in direct materials and 40 hours of direct labor time at a total direct labor cost of $12,600. If the job contained five units and the company billed at 65% above the unit product cost on the job cost sheet, what price per unit would have been charged to the customer?
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