Sadie Is the Bookkeeper for the Binkly Construction Company

question 47

True/False

Sadie is the bookkeeper for the Binkly Construction Company. She makes out the payroll; prepares all of the payroll checks and reconciles the bank statements for the firm. She decides to increase her income by padding the payroll; accordingly, she makes out a check in the name of someone who does not exist. She then indorses the check with the payee's name and her name and cashes the check herself at First Bank where the company has its account. Under the fictitious payee rule, Binkly and not the bank will be liable for this check.

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Definitions:

Presentation Method

The technique or approach used in delivering information or demonstrating a product or service to potential customers.

Need-satisfaction

A sales approach that focuses on identifying and meeting the specific needs of a customer, emphasizing the benefits of a product or service that can meet those needs.

Stage Technologies

Innovative tools and devices designed to enhance live performances through special effects, automation, and advanced sound and lighting.

Modular Production

A manufacturing approach that involves producing components or modules in separate units, which can then be easily combined or assembled into a final product.