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3 years ago

In a credit application, besides one's capacity to pay, creditors also consider which of the following?

Business

1 answer:

DochEvi [55]3 years ago

4 0

Answer:

The lenders use a system of five Cs to know about the creditworthiness of potential borrowers. They weigh five characteristics of the borrower and various conditions of the loan, chances of default and risk of loss. The five Cs used by the lender are capacity, character, collateral, capacity and conditions.

The first C is character, it can be known by the previous loans of the applicant.

Debt to income ratio is the second C.

The third C is capital, it is the amount of money possessed by an applicant.

Collateral is the fourth C, it is the asset that can be used to back the loan.

The fifth C is conditions, the amount of the loan, its purpose and the prevailing interest rate in the market are known as conditions.

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During the process of confirming receivables as of December 31, Year 1, a positive confirmation was returned indicating the "Bal

romanna [79]

Answer:

D. Verify that the amount was received.

8 0

3 years ago

Last year, Cayman Corporation had sales of $7,000,000, total variable costs of $3,000,000, and total fixed costs of $1,500,000.

UNO [17]

Answer:

b. 13.9%

Explanation:

sales 7,000,000

variable cost <u> (3,000,000) </u>

contribution 4,000,000

fixed cost (1,500,000)

interest <u> (480,000) </u>

EBT 2,020,000

tax expense (707,000)

net income 1,313,000

contribution margin 4,000,000 / 7,000,000 = 4/7

if sales increase by 7%:

7,000,000 x 0.07 x 4/7 x (1- 0.35) = 182,000

income after increase in sales: 1,313,000 + 182,000 = 1,495,000

increase in earnings: 1,495,000 / 1,313,000 - 1 = 0.138613861 = 13.9%

3 0

3 years ago

Which of the following factors has the LEAST influence on an individual’s core belief system? a. Physical appearance c. Religiou

loris [4]

Answer:

a. Physical appearance

Explanation:

The Physical appearance of a person is as a result of the genetic make up of the individual. This factor barely has an influence on an individual’s core belief system.

Religious background is a key element of individual’s core belief system as it forms the basis of one's belief about God, life, fate and destiny.

Family upbringing forms the basis of one's belief as the individual grows. The influence of the members of a family forms a part of the individual's core belief.

Life experiences as well forms a key part of our belief system and the same goes for personality.

3 0

3 years ago

How can you make yourself "visible" when telecommuting?

Lesechka [4]

-Effective Remote Performance

-Company culture and customs

-Visibility with boss and co-workers.

-Call your Boss everyday

-Talk with Co-Workers everyday

4 0

3 years ago

Comfy Inc. uses five yards of wool in each blanket it produces. Comfy’s production budget next year is 30,000 blankets. The anti

Kamila [148]

Answer:

wool purchased = 140,000 yards

Explanation:

given data

wool in each blanket = five yards

production budget = 30,000 blankets

beginning inventory = 30,000 yards

Ending inventory = 20,000 yards

wool costs = $10

to find out

How many yards of wool should Comfy purchase

solution

we get first production in yards that is

production in yards = 30,000 × 5

production in yards = 150,000

and

wool purchased will be

wool purchased = production - ( beginning inventory - Ending inventory)

wool purchased = 150,000 - ( 30000 - 20000 )

wool purchased = 140,000 yards

7 0

3 years ago