Inflating the price of - Study guides, Class notes & Summaries

CFE Exam 349 Questions with Verified Answers Falsified Hours & Salary Schemes - CORRECT ANSWER The most common method of misappropriating funds from the payroll is the overpayment of wages. For hourly employees, the size of a paycheck is based on two factors: the number of hours worked and the rate of pay. Therefore, for hourly employees to fraudulently increase the size of their paycheck, they must either falsify the number of hours they have worked or change their wage rate. Common ways ...

Hospitality Financial Challenges correct answers A multifaceted industry; low profitability; fluctuating sales volume (not like a supermarket); labor intensive; capital intensive; reliance on discretionary incomes Accounting is the correct answers Language of business Two parts of accounting correct answers Managerial and Financial Financial accounting correct answers The goal of financial accounting is to produce financial statements that accurately present the financial condition of t...

WCC Final Questions and Answers 2023 Emails sent by David Duncan, an Enron executive To the importance of destroying audit-able documents. Two Major laws were passed which opened the door to impending financial disaster. 1. In 1980, the Depository Institutions Deregulation and Monetary Control Act was signed into law. 2. 1982 by the Garn-St. Germain Act. These laws provided for a loosening of government control over the industry "INSIDER" THRIFT FRAUDS researchers have class...

Xinnix Ground School Questions and Answers 100% Verified Flipping is a scheme where several people each purchase a property within the neighborhood and then sell the properties to one another, inflating the price of the home with each sale. False YTD paystubs will be requires from a borrower that is self-employed (schedule C) False A borrower requesting a jumbo loan will qualify for an agency loan False Trailing spouse income can be used for qualifying purposes. False The following are type...

Chapter 03 Test Bank True / False Questions 1. Paul, who is normally an ethical person, has an opportunity to acquire what he feels is "easy" money in his job, and he believes it is safe to steal the money because nobody would know if he does take it. Paul rationalizes that it is fine to steal the money because he needs it more than the person whom the money belongs to. The psychological mechanism that causes Paul to want to steal the money is poor self-esteem. FALSE AACSB: Ethics Access...

Xinnix Ground School Questions and Answers 100% Verified Flipping is a scheme where several people each purchase a property within the neighborhood and then sell the properties to one another, inflating the price of the home with each sale. - Answer ️️ -False YTD paystubs will be requires from a borrower that is self-employed (schedule C) - Answer ️️ -False A borrower requesting a jumbo loan will qualify for an agency loan - Answer ️️ -False Trailing spouse income can be used...

Fraud Examination Midterm Study Guide Questions and Complete Solutions Which of the following best describes the objective of a fraud examination? - Ans: To determine whether a crime has been committed, and if so, who is responsible Once sufficient predication has been established, what is the first step a fraud examiner following the fraud theory approach should take? - Ans: Analyze data In a fraud examination, evidence is usually gathered in a manner that moves from general to specif...

Flipping is a scheme where several people each purchase a property within the neighborhood and then sell the properties to one another, inflating the price of the home with each sale. - Answer- False YTD paystubs will be requires from a borrower that is self-employed (schedule C) - Answer- False A borrower requesting a jumbo loan will qualify for an agency loan - Answer- False Trailing spouse income can be used for qualifying purposes. - Answer- False The following are types of renov...

Flipping is a scheme where several people each purchase a property within the neighborhood and then sell the properties to one another, inflating the price of the home with each sale. Correct Answer: False YTD paystubs will be requires from a borrower that is self-employed (schedule C) Correct Answer: False A borrower requesting a jumbo loan will qualify for an agency loan Correct Answer: False Trailing spouse income can be used for qualifying purposes. Correct Answer: False The ...

Adjuster Pro - Florida Certified Adjuster Glossary| 260 QUESTIONS| 19 PAGES Adjuster Pro - Florida Certified Adjuster Glossary| 260 QUESTIONS| 19 PAGES Accumulated Depreciation Correct Answer: The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) Correct Answer: A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula: (Replacement c...