In one of the case studies in the textbook, Cy Chesterly was the vice president in charge of sales for one of the largest machine parts manufacturers in the Midwest. He was an excellent salesman and helped build the company into one of the most successful in the industry. While Chesterly was known to go overboard on the entertainment expenses, he really went wild when it came to buying personal items-vacations, furniture, and jewelry to name a few. What other frauds turned up in the investigation?
A) Chesterly put his girlfriend on the payroll as a ghost employee.
B) Chesterly skimmed some of the cash sales.
C) Chesterly falsified sales figures to collect unearned bonuses.
D) Chesterly cut special deals to his customers and received kickbacks in return.

Question

Quizplus · Accepted Answer

The Answer of In one of the case studies in the textbook, Cy Chesterly was the vice president in charge of sales for one of the largest machine parts manufacturers in the Midwest. He was an excellent salesman and helped build the company into one of the most successful in the industry. While Chesterly was known to go overboard on the entertainment expenses, he really went wild when it came to buying personal items-vacations, furniture, and jewelry to name a few. What other frauds turned up in the investigation?
A) Chesterly put his girlfriend on the payroll as a ghost employee.
B) Chesterly skimmed some of the cash sales.
C) Chesterly falsified sales figures to collect unearned bonuses.
D) Chesterly cut special deals to his customers and received kickbacks in return.

In One of the Case Studies in the Textbook, Cy