A small business owner hired a new bookkeeper to manage the company's finances. After a few months, the owner noticed that the bookkeeper had been writing checks to a vendor that the company had never done business with before. The owner became suspicious and decided to investigate the situation. The owner discovered that the bookkeeper had been writing fraudulent checks to the vendor and had been stealing money from the company. The following table summarizes the fraudulent checks written by the bookkeeper:

Check Number	Check Date	Payee	Amount
1001	1/1/2022	XYZ Company	$2,500
1003	2/1/2022	XYZ Company	$3,000
1005	3/1/2022	XYZ Company	$4,500
1007	4/1/2022	XYZ Company	$5,000
1009	5/1/2022	XYZ Company	$3,500
1011	6/1/2022	XYZ Company	$2,000
1013	7/1/2022	XYZ Company	$6,000

Assuming that the bookkeeper wrote no other checks during this period, answer the following questions:

a) What is the total amount of money stolen by the bookkeeper?

b) What is the average amount of money stolen per month?

c) If the company's revenue during this period was $120,000, what percentage of revenue was stolen by the bookkeeper?

Answer rating: 100% (QA)

The detailed answer for the above question is provided below a The total amount of money stolen by t... View the full answer