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Recall that the salami technique means using a computer to skim a small amount of money from hundreds or thousands of accounts and then diverting the proceeds for personal gain. Suppose that a computer programmer uses this technique to skim a penny form each customer's account at a small bank. Over the course of 3 months, he takes $200,000 and is never caught. Assuming that this hacker took only one penny per month form each customer, how many accounts did the bank have? If the bank had 100,000 accounts and the hacker stole one penny from each account's interest (which was computed daily), how much could the hacker steal in 3 months?
ABC limited account of motor vehicles as at 1/1/03 was Ksh. 5,000,000 while the accumulated depreciation as at that date was Ksh. 2,000,000. During the year the following transaction took place.
Determine the manufacturing costs incurred
He indicated to John that it was a close call between him and Patty and that he wanted to let John know personally about the decision before it was announced officially - What should John do? Describe how you would deal with his ethical dilemma (co..
Explain the distinction between adjusting and non-adjusting events and discuss the requirements under the standard for the disclosure of events after the reporting period
people will do something in their self interest. as a matter of fact a marketplace economy depends on self interest to
If total fixed costs are $1,200,000 and variable costs as a percentage of unit selling price are 40%, then the break-even point in dollars is.. A. $2,000,000 B. $480,000 C. $3,000,000 D. not determinable with the information given.
transaction analysis and statements. congress authorized the flood control commission to start operation on october 1
questionin the 1st nbspaudit of a client because of the clients record retention policies an auditor was not able to
If the mortgage is for $250,000, what is the monthly payment during the first year? Second year? What is the maximum payment during the 4th year? What is the maximum payment ever?
question abc company is an all-equity firm with net equity shares outstanding equal to 100000. the company is expecting
Prepare the 2009 financial statements for The Walt Disney Company on the Internet.
Using the information above, prepare the statement of activities and the statement of net assets on a government-wide basis (using full accrual accounting). The beginning fund balance in the government-wide Statement of Net Assets is $2,686,283.
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