Answer:
C. The Cassies will win.
Explanation:
In the given case, the cassies would win as this was appraisal fraud that done by the company employee who is a Bank of america Subsidiary. Here the loan broker and the appraiser increase the fair market value of cassies home i.e. $620,000 but it would be lesser that is $250,000. So this inflate the value in order to make the payment of high rate with related to the mortgage
Answer:
The answer is Credit.
Explanation:
Net loss can be thought of as a <u>Credit </u>to the Capital account.
Identify
each account as Asset (A), Liability (L), or Equity (E)
A. Accounts
Payable - liability
B. Cash -
asset
C. Owners
Capital- Equity
D. Accounts
Receivable- asset
E. Rent
Expenses - equity
F. Service
Revenue - equity
G. Office
Supplies - asset
H. Owners
Withdrawal - equity
I. Land -asset
J. Salaries
Expenses -equity
<span> </span>
Answer: Macro, External
Explanation:
Macroeconomics effect the entire world, while it scrutinizes the external forces that affect the company.
Answer:
$192,500
Explanation:
budgeted net income statement
Net sales $750,000
<u>COGS ($300,000) </u>
Gross profit $450,000
Selling expenses ($83,000)
<u>Adm. expenses ($92,000) </u>
EBIT $275,000
<u>Income taxes ($82,500) </u>
Net income $192,500
