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2 years ago

What is one data point that shows a good propensity to pay the loan back?

Business

2 answers:

miss Akunina [59]2 years ago

8 0

Answer:

A data point that shows a good propensity of a borrower to pay back loans is location efficiency and or stability. This data point projects a 6% increase whether or not the borrower will repay the loans he/she borrowed.

Stells [14]2 years ago

3 0

Answer:

One data point that shows a good propensity to payback a loan is Loan -To- Value Ratio.

Explanation:

A loan to value (LTV) ratio relates the size of the loan you're requesting to take out to the verified value of the item you want to purchase.

Lenders (such as Banks, Mortgage institutions) use LTVs to establish how risky a loan is, for loan approval or denial, and to determine whether or not mortgage insurance is required. A higher LTV ratio suggests more risk because there's a higher chance of default.

Cheers!

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An increase price caused no change in quantity demanded. Thus, demand must be

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Answer:

Perfectly inelastic

Explanation:

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2 years ago

Which of the following statements regarding a SEP is true?

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Answer:

All the statements are false

Explanation:

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3 years ago

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2 years ago

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1 year ago

The following transactions took place for Smart Solutions Inc. 2017 a. July 1 Loaned $79,000 to an employee of the company and r

OLEGan [10]

Answer:

1 July 2017 Notes receivable $79000 Dr

Cash $79000 Cr

31 Dec 2017 Interest receivable $3950 Dr

Interest revenue $3950 Cr

30 June 2018 Interest receivable $3950 Dr

Interest Revenue $3950 Cr

1 July 2018 Cash $7900 Dr

Interest receivable $7900 Cr

1 July 2018 Cash $79000 Dr

Notes receivable $79000 Cr

Explanation:

The receipt of note against issuing loan will cause a credit to cash against notes receivable.

The interest from July to Dec 2017 relates to 2017. Following accrual principle it will be recorded as interest revenue and as it is not received so an asset Interest receivable will be debited.

The interest expense for 6 months is = 79000 * 0.1 * 6/12 = 3950

First we will record the remaining interest on 30 June 2017. Remaining interest = 7900 - 3950 = 3950

Then we will debit cash on July 1 when interest is received and credit interest receivable to close the account.

The cash will be debited and notes receivable account will be closed by crediting it.

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2 years ago