(0.5 points) Specialty goods are items that the consumer considers special and luxurious. The consumer is willing to seek out this unique product and probably pay more for it. 3. What is advertising? (0.5 points) Advertising is when a company pays for messages that are meant to get consumers to notice and want its products.
It's designed to predict risk, specifically, the likelihood that you will become seriously delinquent on your credit obligations in the 24 months after scoring. 3. What is installment credit? (0.5 points) Installment credit is a loan repaid with interest in equal periodic payments. 4.
(0.5 points) A risk of something negative happening, with no possibility for profit or gain. 2. Why do people take speculative risks? (0.5 points) For the hope of gaining a profit 3. What is meeting the deductible?
loosing a job b. What sort of negative outcomes are possible for this type of risk? you wont have any money because you wont get paid c. Would this risk be likely to create unexpected expenses? Why or why not? I don’t think so.
I would recommend that CCL make the above changes immediately so that the financail statements are not incorrect. These changes would help CCL reduce its future taxable income when it may be more profitable. 2. Allowance for Doubtful
Why do people take speculative risks? (0.5 points) I think because some people want to make money like in the stock market that’s a speculative risk because you never know when the stock market will go up or down. 3. What is meeting the deductible? (0.5 points) When you have paid the deductible amount and the insurance company must now pay some or all of the rest of the costs above that amount.
Why do people take speculative risks? (0.5 points) Some people want to make money like in the stock market that’s a speculative risk because you never know when the stock market will go up or down. 3. What is meeting the deductible? (0.5 points) When you have paid the deductible amount and the insurance company has to pay some/ the rest of the costs above that amount.
(3-6 sentences. 2.0 points) I believe that at least three months worth of my expenses should go towards my financial reserve. I think this is a good idea because this will leave enough money for me to afford major financial loss. If there is an emergency that is costly, three months worth of expenses should be able to pay for the damages. 3.
Lesson 3 (3.0 points) 1. What is pessimism? (0.5 points) It is when a person looks at something unfavorably and predicts a bad outcome. 2. What is conformity?
“The preferred and easiest method of concealing liabilities/expenses is to simply fail to record them” (Wells, 2011, p. 14). There are different types of evidence a fraud investigator must collect depending on what the company is trying to conceal. In Apollo’s case, it looks as if the company is trying to conceal a liability they owe for a shipment from Anglonesian Rehabilitation and Reprogramming Institute (ARRI) in December. According to the case, “Apollo personnel counted all inventory, including a shipment of shoes costing $8,434,889.09 that was received on December 31” (University of Phoenix, 2009, p. 90). However, according to Apollo’s Accounts Payable Schedule for the year ended December 31, 2011, there is no money owed to ARRI.