Zelda,the Bookkeeper for Travel Unlimited,Inc

question 115

Essay

Zelda,the bookkeeper for Travel Unlimited,Inc.,is responsible for issuing payroll checks.Zelda is tired of her job and wants to move to another state.She issues a large check to a fictitious person,Ann Zonk.Zelda takes the check issued to Ann Zonk,forges the name of Ann Zonk,and cashes the check at a local check cashing service.Zelda then leaves town.Assuming Zelda cannot be fund,who will bear the loss in this situation and why?

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Smoking

The inhalation of the smoke from burning tobacco encased in cigarettes, pipes, and cigars, which has health implications.

Educational IRA

A savings plan for education expenses that allows money to grow tax-free until funds are withdrawn to pay for qualified education costs.

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Assets that are purchased with the expectation that they will generate income or appreciate in value over time.

8%

A percentage, often representing an interest rate, return on investment, or growth rate.