Answer:
accounts receivable processing
or
order department
Joseph is probably denied credit due to his bad character, which is an essential element of the Three C's of Credit.
<h3>What are the Three C's of Credit?</h3>
To determine the credibility of a person for grant of a loan or an advance, a lender takes into consideration the Three C's of credit, which are as follows,
- Character
- Capacity
- Capital or Collateral.
Collaterals or Capital help in determination of security of lender from borrower, in case when the borrower is unable to repay the credit. Capacity determines the ability to repay the credit.
Character, on the other hand, helps in determination whether the customer or the borrower's behavior, and the qualities of his or her character in the society.
Hence, the three C's of credit are explained above.
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Answer:
$69.41
Explanation:
Given that
D1 = 4.75
D2 = 5.25
D3 = 5.75
D4 = 7
g = 7% or 0.07
R = 15% or 0.15
Therefore,
D5 = D4 (1 + g)
= 7 × 1.07
= 7.49
Also,
P4 = D5/g × R
= 7.49/0.15 × 0.07
= 93,625
Thus,
P0 = 4.75/1.15 + 5.25/(1.15)^2 + 5.75/(1.15)^3 + 7/(1.15)^4 + 93.625/(1.15)^4
= $ 69.41357
Approximately
= $ 69.41
Answer:
$24,800
Explanation:
Indirect method reconciles the Net Income to Operating Cash flow by adjusting for non -cash items previously included in net income and changes in working capital.
Cash flow from Operating Activities
Net income $22,000
Add Depreciation Expense $10,800
Less gain on the sale of equipment was ($500)
Decrease in Inventory $7,800
Decrease in Accounts Payable ($8,400)
Increase in Accounts Receivable ($6,900)
net cash provided operating activities $24,800
Therefore
The net cash provided (used) by operating activities is $24,800