New account fraud - Study guides, Class notes & Summaries

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

Drones may be equipped with cameras that relay data in real-time Which one of the following uses infrared light to detect nearby objects? - Answer- Lidar AMRM Insurance Company sells insurance in Virginia, North Carolina, South Carolina, and Georgia. The company has compiled a policyowner data base that can be used to send text messages when hurricanes approach. The company provides early warnings, storm updates from the National Weather Service, and hurricane safety measures. The company ...

Bookkeeping Certification Questions and Answers Rated A+ What is the purpose of an asset management report? An asset management report provides details on the company's assets, including their value, condition, and how they are being utilized. How do you record a capital investment in bookkeeping? A capital investment is recorded by increasing the company's equity account and reflecting the new assets or cash brought into the business. What is the function of an accounts rece...

Ponzi Scheme - a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation Red flags of a ponzi scheme - Investment returns that are "too good to be true" • Investment statements that show continued growth or performance contrary to market trends • Unusual/absent fee structure • Lack of substance behind the investment, such ...

Risks The effect of uncertainty on objectives The chance of something happening that will have an impact on objectives Being prepared for the worst and being poised to exploit opportunities as they are discovered Enterprise Risk Management A strategic business discipline that supports the achievement of an organization's objectives by addressing the full spectrum of its risks and managing the combined impact of those risks as an interrelated risk portfolio. Support Function: B...

Copyright © 2022 WILEY Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only) 5-1-1 Complete Solution Manual and Instructor Resource for Intermediate Accounting, 18th Edition 18th Edition, by Donald E. Kieso, Jerry J. Weygandt and Terry D. Warfield. ISBN- Chapter 1 Financial Accounting and Accounting Standards Assignment Classification Table (By Topic) Topics Questions Brief Exercises Exercises Critical Thinking 1. Environment of accounting, principles, objectives, sta...

NJ property insurance law Exam with complete solutions In New Jersey, and insurer must provide at least______ advance notice for cancellation of property coverages for nonpayment of premium 10 days The employment of another producer by a producer is subject to all of the following requirements, except a. the employer shall examine the credentials of the kinds of business described in the contract. b. the employer shall be responsible for the insurance related conduct of the employee ...

System log - Answer-System logs record events executed on an operating system, including miscellaneous events and those generated during system startup, like hardware and controller failures. Common types of system events include starting up and shutting down, configuration updates, and system crashes Open questions - Answer-Open questions are those worded in a way that makes it difficult for the respondent to answer "yes" or "no." Also, the answer to an open question is not dependent o...

Deed Restrictions - Correct answer-Legally enforceable terms that govern the use of real estate Redlining - Correct answer-The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, national origin, religion, sex, disability, or familial status of the area's residents. Civil Rights Act of 1968 - Correct answer-Following the assassination of Dr. Martin Luther King Jr., Congress passed what monumental piece of ...

questions with correct answers Counseling is appropriate when: a. salaries have been frozen. b. introducing a new procedure. c. explaining tax law changes. d. orienting new employees. Correct Answer-a. salaries have been frozen. In addition to the accuracy-related penalty for underpayment of taxes, if the underpayment of taxes is due to fraud, the IRS may asses an additional penalty of: Correct Answer-75% If an employer's total tax liability for the lookback period is $75,000.00, a t...