The XYZ company discovered that a group of employees had colluded to commit fraud. They had inflated their expense reports by submitting fake receipts, resulting in a loss of $50,000 for the company. The company wants to calculate the exact amount that each employee contributed to the fraud.

The investigation revealed that there were four employees involved in the fraud. Employee A submitted fake receipts totaling $15,000, Employee B submitted fake receipts totaling $10,000, Employee C submitted fake receipts totaling $8,000, and Employee D submitted fake receipts totaling $17,000.

Assuming that the four employees contributed to the fraud equally, how much did each employee contribute, and how much should each employee be held responsible for?

(Show all calculations and round to the nearest cent.)

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Total loss 50000 Total amount of fake receipts submitted by all employees 15000 10000 800... View the full answer