Answer:
D- both A and C
Explanation:
- Being told your financing fell through
It's usually used to trick you to pay with cash. The scammers will position themselves as a 'helper' that can get you the car despite the fail financing. If your dealer told you this,it could be a red flag there's a chance that he/she might ran away with the money without giving you the car.
- Lengthy negotiations
This is not a red flags. Both the sellers and the customers will always try to get the best deal possible. So often times, the negotiations will become lengthy until they eventually found a middle ground.
- charging excessive fees
In order to be aware of this, you need to conduct individual researches so you have general idea regarding the market value of the car along with average prices for additional services.
Answer: decrease
Explanation:
The money multiplier is the amount of money generated by banks with each dollar of reserves. The reserves is the amount of deposits which the Federal Reserve wants banks not to lend but rather hold. The money multiplier is therefore the ratio of deposits to the reserves in the banking system.
The money multiplier shows the ratio of the increase or decrease in money supply in relation to the increase or decrease in deposits. During the Christmas period, people draw lots of money out of their accounts to buy presents and other things. This will lead to a decrease in the money multiplier.
<u>Answer:</u>
<em>(A) Principle of Supply and Demand
</em>
<u>Explanation:</u>
In economic theory, the law of the organic market is viewed as one of the significant standards administering an economy. It is depicted as the state though supply expands the cost will in general drop or increase, and as request builds, the price will in general increment or the other way around. The increase in demand is equivalent to moving the blue line to one side. A model would be twice the same number of clients needing to purchase the item because of good verbal exchange and promoting.
Answer: An officer participates in litigation against the CPA firm. This is an example of Adverse interest.
<u>Explanation:</u>
This is an example of Adverse interest. Adverse here means against the interest of others. This type of interest in mostly found in case of property disputes. Like if a person has illegally occupied someone else's property than his interest in that property will be adverse the interest of the real owner of that property.
Similarly here an officer is participating in legal action against CPA firm,The interest of an officer will be an adverse.
Answer:
Option C Credit to Unearned Management Fees for $62,000
Explanation:
The reason is that the unearned managment fees are liabilities and so are credit in nature just like other liabilities. It is also the requirement of accrual accounting system that says the revenue and expenses must only be recorded when they are realized. Which means the revenue share for example which is $1000 must be recorded as revenue when we will deliver our customers services of one month. It doesn't matter if the revenue amount is not received in cash. So delivering your share is compulsory here to recognize sales or services.
