A company's accounts payable clerk has been discovered to be embezzling funds by submitting fraudulent invoices to the company's accounting department. The clerk submitted 10 invoices in total, with an average value of $5,000. The invoices ranged in value from $2,000 to $10,000. The total amount of the fraud is suspected to be $40,000.

a) Calculate the total amount of the fraudulent invoices.
b) Calculate the percentage of the fraudulent amount compared to the total value of all invoices.
c) If the company's profit margin is 10%, calculate the increase in sales the company would need to offset the fraud.

Answer rating: 100% (QA)

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