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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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In an organization in which high-level managers make the effort to involve others in decision making and seek opinions of others

NNADVOKAT [17]

Answer:

People or team oriented

Explanation:

The best organization culture is there when there is no comparison between the people who are working at different departments, different levels, etc

The rules, procedures, policies are all not for any single person

Here if the high level managers involves the others in decision making process and seek their opinions for the betterment of an organization that this represents the team oriented as the whole organization is working as a team so the same is to be considered

7 0

3 years ago

You have just retired with savings of $2 million. If you expect to live for 57 years and to earn 7% a year on your savings, how

galben [10]

Answer:

Annual withdraw= $143,023.66

Explanation:

Giving the following information:

Present value (PV)= $2,000,000

Number of periods (n)= 57

Interest rate (i)= 7% a year

<u>To calculate the annual withdrawal, we need to use the following formula:</u>

Annual withdraw= (PV*i) / [1 - (1+i)^(-n)]

Annual withdraw= (2,000,000*0.07) / [1 - (1.07^-57)]

Annual withdraw= $143,023.66

6 0

3 years ago

Martha estimates that the fixed costs associated with opening her new hair salon are $100,000. She expects the salon to attract

Llana [10]

The Correct Awnser is (A) because when you do the math, thats what you come up with

4 0

3 years ago

What is the maximum cold-holding temperature allowed for deli meat?

liberstina [14]

Answer:

Explanation:

7 0

3 years ago

Following high-profile corporate scandals including Enron and WorldCom, Congress

Bogdan [553]

Answer:

Following high-profile corporate scandals including Enron and WorldCom, Congress

passed a set of legislations known as the Sarbanes-Oxley Act which requires the

disclosure of the presence or absence of a Code of Ethics for senior financial officers.

Explanation:

The Sarbanes-Oxley Act of 2002 is a federal law that established sweeping auditing and financial regulations for public companies. Lawmakers created the legislation to help protect shareholders, employees and the public from accounting errors and fraudulent financial practices.

7 0

3 years ago