Before 2008, the investment bankers thought that buying home mortgages was a good and safe investment because it was a stable investment, which is less impacted by inflation.
The “subprime” mortgages were more riskier than “prime” mortgages because the lender were more likely to default the mortgage.
<h3>What was the event "
Crisis of Credit" about?</h3>
The Crisis of Credit, also known as the financial crisis of 2008 or Global Financial Crisis referred to a severe worldwide economic crisis that occurred in the early 21st century. It was considered the most serious financial crisis since the Great Depression (1929).
In 2008, the financial crisis began with cheap credit and lax lending standards that fueled a housing bubble. When bubble burst, all banks were left holding trillions of dollars as worthless investments in subprime mortgages and the Great Recession that followed cost many their jobs, their savings and their homes.
Read more about Crisis of Credit
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Answer:
D It is D because it can help you do all these things and you may even progress from it and learn your mistakes
Organizational buyers. A reorder of an existing product or service from a list of acceptable suppliers is referred to as a. straight rebuy.
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Answer:
Bad debt expense for 2022 would be $4,225
Explanation:
Bad debt expense is the expense incurred by a company when a debtor of the company is unable to fulfuill their obligation to the company.
Bad debt expense for Coolwear Inc. would be calculated by
=Allowance for Uncollectible Accounts - (Uncollectible Accounts Balance - Accounts Receivable Writeoff)
Bad debt expense = $5,500 - ($1,950 - $675) = $4,225
