These items are taken from the financial statements of Cullumber Company at December 31, 2022.

Your client Jacinta is being pressured by her mortgage broker to lie on her loan application. The mortgage broker promises it wi

Marizza181 [45]

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

5 0

2 years ago

According to Dean Jarley, The EXCHANGE is a place in the college where _______ happen in order to create a culture of engagement

Drupady [299]

Answer:

Conversation

Explanation:

According to Dean Jarley, The EXCHANGE is a place in the college where conversation happen in order to create a culture of engagement.

Dean Jarley said that 'the idea behind The Exchange is simple' because education at its highest level happens when people are given the opportunity to interact, discuss and have a conversation with some other person who has brilliant ideas to share.

Furthermore, Dean Jarley believes that the more opportunities people have to engage in such conversations, the more they are likely to exchange brilliant ideas and the more learning will occur.

3 0

2 years ago

An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $

djyliett [7]

Answer:

$1,213,928

Explanation:

The calculation is given below:

Data provided in the question

Acquisition cost of an asset = $6,100,000

Sale value of an asset at the end of the project = $1,300,000

Tax rate = 35%

Therefore the after tax salvage value of the asset is

= $1,300,000 - ($1,300,000 - $6,100,000 × (11.52% + 5.76%)) × 35%

= $1,300,000 - $86,072

= $1,213,928

Refer to the MACRS table for the depreciation rate i.e 11.52% and 5.76%re

4 0

2 years ago

Box Elder Power Company expects to operate at 85% of productive capacity during May. The total manufacturing costs for May for t

olga nikolaevna [1]

Answer:

The unit cost below which Box Elder Power Company should not go in bidding on the government contract is $9.30

Explanation:

Box Elder power company produced 40,000 batteries in the month of May

Total Direct materials = $240,000

Total Direct labor = 100,000

Total Variable factory overhead = 32,000

Total Fixed factory overhead = 150,000

Total manufacturing costs = $522,000

So only relevant costs are:-

Direct Material per unit = $240,000 ÷ 40,000 = $6 0

Direct Labor per unit = $100,000 ÷ 40,000 = $2.5 0

Variable Factory OH per unit = $32,000 ÷ 40,000 = $0.8 0

Therefore total overhead = $9.3 0

8 0

2 years ago

Oscar is creating a training session for employees to build a better sales presentation but does not know the trainee's familiar

Fiesta28 [93]

The type of questions that Oscar need to use are:

- questions to find out how long the employees have been using the program

- Specific questions using terms that only recognizable by people who understand basic command of the programs (could be beginner's feature such as how to open and import files)

- Specific questions on how to make the programs do complicated operation (for example, to measure power point proficiency, you could ask the employees how to make a complicated animation on the text's or pictures)

4 0

2 years ago

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