Why are job referrals valuable to both job seekers and employers?

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

DochEvi [55]

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.

4 0

2 years ago

Clabber Company has bonds outstanding with a par value of $119,000 and a carrying value of $108,700. If the company calls these

Vladimir79 [104]

Answer:

option (b) $4,200 gain

Explanation:

Data provided in the question:

Par value of outstanding bonds = $119,000

Carrying value of the bonds = $108,700

Price at which bond is called = $104,500

Now,

Gain on the retirement is calculated using the relation as;

Gain on retirement

= Carrying value of Bonds - Price at which bond is called

= $108,700 - $104,500

= $4,200

Since, the result is positive, therefore a gain will be recognized

Hence, correct answer is option (b) $4,200 gain

6 0

3 years ago

Your boss, Kerry Miller, has asked you to analyze the soft drink industry using Porter's five forces model. Which of the followi

IgorC [24]

Answer:<em> Option (A) is correct.</em>

Vitamin water, juice, coffee are other beverage options available to consumers are the one that can represent substitute products in the soft drink industry.

The five forces can be referred to as a model for business analysis that helps to elaborate on why different industries in a certain market are able to endure different levels of profitability. These forces are often used to evaluate competition depth, appeal, and profitability of the market.

4 0

3 years ago

Van Frank Telecommunications has a patent on a cellular transmission process.

Sonbull [250]

Answer:

Van Frank Telecommunications

December 31, 2016:

Debit Amortization Expense - Patent $4,400,000

Credit Accumulated Amortization-Patent $4,400,000

To record the revised amortization expense for the year.

Explanation:

Data and Calculations:

Patent's value on January 1, 2012 = $19,800,000

Patent's assessed lifespan = 9 years

Amortization expense for each year on straight-line = $2,200,000 ($19,800,000/9)

Accumulated Amortization for Patent = $6,600,000 (for 3 years)

Net book value of patent = $13,200,000 ($19,800,000 - $6,600,000)

Revised lifespan = 6 years

Revised amortization expense per year = $4,400,000 ($13,200,000/3)

8 0

3 years ago

The trial balance of Woods Company includes the following balance sheet accounts. Identify the accounts that might require adjus

White raven [17]

Answer:

Woods Company

Accounts Requiring Adjustment, Type of Adjusting Entry, and the Related Account:

Account Type of Adjustment Related Account

a) Account receivable Accrued revenue Service revenue

b) Prepaid insurance Prepaid expense Insurance expense

c) Equipment Not required Not required

d) Accumulated depreciation Accrued expense Depreciation expense

e) Notes Payable Not required Not required

f) Interest Payable Accrued expense Interest expense

g) Unearned service revenue Unearned revenue Service revenue

Explanation:

End of period adjustments are made to accounts in order to bring them in line with the accrual concept and matching principle of accounting. These principles require that expenses and revenues for the period are matched in order to determine the appropriate profit generated for the period. The implication is that transactions are recorded when they are incurred and not when cash is exchanged. For example, if rent expense is incurred for the year and payment is made in the following year, the expense must be recognized in the current year. The same applies to revenue.

4 0

2 years ago

Why are job referrals valuable to both job seekers and employers?​

Why are job referrals valuable to both job seekers and employers?