Jorge is at malplena motors, looking at the used cars for sale. he is particularly interested in a car that is similar to one owned by a friend of his. jorge has researched this model before coming in, and thinks it is one of several models that could meet his needs. a salesperson sees his interest and talks to him about the car. at one point, the salesperson says the car was well-maintained because "it was the personal car of the owner of the dealership." jorge likes the car and the price, so he buys it. when he gets the paperwork for the car, he learns that it was never owned by the owner of malplena. did the salesperson commit a deceptive trade practice when she told jorge about the car?

Cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely: cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely:

Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest. extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of

Why is efficiency an important economic goal?