Answer:
This is a red flag for predatory lending AND mortgage fraud.
Explanation:
Considering the situation above, the statement that BEST describes the situation above is that "This is a red flag for predatory lending AND mortgage fraud."
This is because the act of cheating or fraudulent pursuits of some lenders during the loan process is known as predatory lending, in which lying during loan application is part of it.
Also, fraudulent activities such as misstatement, misrepresentation, or omission about a mortgage loan process are considered a mortgage fraud
Answer: Triple net lease or NNN lease or net-net-net lease
Explanation:
Single Net Lease also called net lease or N lease: This is a type of lease in which the tenant pays for tax in addition to the payment of rent of occupancy which makes the landlord responsible for other expenses such as insurance and utilities.
Double Net Lease or net-net lease or NN lease: The tenant pays for tax and insurance expenses in addition to the rent of occupancy. The landlord is responsible for the other expenses.
Triple Net Leases or net-net-net lease or NNN lease: This is a type of lease in which the tenant pays forthe rent of occupancy and other expenses such as tax, insurance, utilities and repairs which leaves the landlord to charge lower rent.
The triple net Lease answers your question
Answer:
Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.
Explanation:
In case fictitious revenues are recorded asset turnover ratio will increase.
The asset turnover ratio measures the performance of an organization's assets in producing revenue or income. It compares the dollar quantity of income (revenues) to its overall belongings as an annualized percent. hence, to calculate the asset turnover ratio, divide net income or revenue by the average total belongings.
Fictitious revenues contain the sale of goods or services that no longer arise. Fictitious invoices may be fake, but can also contain valid clients. A fictitious invoice may be prepared for a legitimate patron despite the fact that goods are not added or services have no longer been rendered.
Accounting ratios, an important subset of monetary ratios, are a group of metrics used to degree the performance and profitability of an employer based on its financial reports. They provide a way of expressing the relationship between one accounting information factor to any other and are the basis of ratio evaluation.
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The average variable cost per unit is 60 cents
Total costs= fixed costs + (variable costs x number of units)
Solve where x= variable cost per unit
$120= $60 + $100x Subtract 60 from both sides
60 = 100x Divide by 100
x = $0.60