Answer:
D. Capacity
Explanation:
In order to applying for a loan, the financial institution analyze the borrower information in terms of creditworthiness i.e. collateral property, cash on hand, repayment conditions, status of the job. These factors should be based on the capacity of the borrower whether he or she is eligible for a loan or not
Therefore according to the given situation, the option D is correct and the same is to be considered
Answer:
$247,000
Explanation:
Calculation to determine the total of Hunter Products' liabilities at the end of May
Total of Hunter Products' liabilities=(400,000-150,000) - 60,000 + 63,000
Total of Hunter Products' liabilities=250,000 - 60,000 + 63,000
Total of Hunter Products' liabilities=$247,000
Therefore the total of Hunter Products' liabilities at the end of May will be $247,000
Answer:
E. None of these answer choices are correct.
Explanation:
Upon receipt of the advance payment from Cactus Jack, Nike should debit its Cash Account and credit Deferred Revenue by $300,000. When the equipment is delivered to Jack and the additional $100,000 is received, the Deferred Revenue account is debited with $300,000 while the Sales Revenue is credited with $400,000 with additional debit to the Cash Account of $100,000.
A depository institution is a financial institution in the United States.
