The following situations are similar, but each represents a variation of a particular crime

7-1A. Types of Cyber Crimes. The following situations are similar, but each represents a variation of a particular crime. Identify the crime and point out the differences in the variations.

(a) Chen, posing fraudulently as Diamond Credit Card Co., e-mails Emily, stating that the company has observed suspicious activity in her account and observed suspicious activity in her account and has frozen the account. The e-mail asks her to re-register her credit-card number and password to reopen the account.
(b) Claiming falsely to be Big Buy Retail Finance Co,. Conner sends an e-mail to Dino, asking him to confirm or update his personal security information to prevent his Big Buy account from being discontinued.
(c) Felicia posts her resume on GoWork.com, an online job-posting site, seeking a position in business and managerial finance and accounting. Hayden, who misrepresents himself as an employment officer with International Bank & Commerce Corp., sends her an e-mail asking for more personal information.


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The demand for solvent, one of numerous products manufactured by Hipp Industries Inc., has dropped sharply because of recent competition from a similar product

The demand for solvent, one of numerous products manufactured by Hipp Industries Inc., has dropped sharply because of recent competition from a similar product. The company's chemists are currently completing tests of various new formulas, and it is anticipated that the manufacture of a superior product can be started on June 1, one month in the future. No changes will be needed in the present production facilities to manufacture the new product because only the mixture of the various materials will be changed.

The controller has been asked by the president of the company for advice on whether to continue production during May or to suspend the manufacture of solvent until June 1. The controller has assembled the following pertinent data:

Hipp Industries Inc.
Income Statement-Solvent
For the Month Ended April 31,2013

Sales (2,800 units)…................... $215,600
Cost of good sold……..................... 187,320
Gross profit………………..................... $28,280
Selling and administrative expenses….... 41,780
Loss from operations…………………........... $(13,500)

The production costs and selling and administrative expenses, based on production of 2,800 units in April, are as follows:

Direct Materials $30.00 Per unit
Direct labor 10.50 per unit
Variable manufacturing cost 9.90 per unit
Variable selling and administrative expenses 5.60 Per unit
Fixed manufacturing cost $46,200 for April
Fixed selling and administrative expense 26,100 For April

Sales for May are expected to drop about 25% below those of the preceding month. No significant changes are anticipated in the fixed costs or variable costs per unit. No extra costs will be incurred in discontinuing operations in the portion of the plant associated with solvent. The inventory of solvent at the beginning and end of May is expected to be inconsequential.

1. Prepare an estimated income statement in absorption costing form for May for solvent, assuming that production continues during the month. Round amounts to two decimals. Enter all amounts as positive numbers.
2. Prepare an estimated income statement in variable costing form for May for solvent, assuming that production continues during the month. Round amounts to two decimals. Enter all amounts as positive numbers
3. What would be the estimated loss in income from operations if the solvent production were temporarily suspended for May?

Click here for the solution: The demand for solvent, one of numerous products manufactured by Hipp Industries Inc., has dropped sharply because of recent competition from a similar product