All categories

3 years ago

Do lenders always accept applications for credit?

1 answer:

4 0

NO. Lenders doesn't always accept application for credit. They always perform investigation about the financial status of the applicant. Only once the financial status of the applicant is finished reviewed and passed, the application for credit will be accepted.

You might be interested in

Jordon and Heidi share income equally. For the current year, the partnership net income is $40,000. Jordon made withdrawals of $

aleksley [76]

Answer:

a.$46,000

Explanation:

A partner ship account records the transactions related to partnership. All transaction of withdrawal, Profit allocation etc. are recorded to determine the closing balance of each partner.

Ending Capital Balance = Beginning Capital balance + Income allocation for the year - withdrawals

Jordon's Ending Capital Balance = $40,000 + ( $40,000 x 0.5 ) - $14,000

Jordon's Ending Capital Balance = $40,000 + $20,000 - $14,000

Jordon's Ending Capital Balance = $46,000

3 0

3 years ago

Scenario planning is a useful technique for firms competing in industries characterized by __________ and ____________.

Gnom [1K]

The blank spaces will be filled by these words:
1) U<span>npredictability
2) Change

Scenario planning or as is alternatively called Scenario thinking, is a vital planning strategy which is used by some associations to make adaptable long term plans. It is an adjustment and adaption of classical techniques used by military intelligence.
</span>

6 0

4 years ago

Label each of the items listed with the abbreviation of the financial statement on which it appears. Items may appear on more th

Zinaida [17]

1. Accounts receivable are found on the balance sheet.

2. Notes payable are found on the balance sheet.

3. Advertising expense is found on income statement

4 0

3 years ago

Read 2 more answers

Reducing turnover by improving work conditions and improving benefits packages can reduce a projected labor shortage.

FinnZ [79.3K]

True.

A labor shortage is not enough qualified candidates available to fill jobs. One way to deal with that is to hang on to the qualified people you already have by making them happier so they won't leave.

7 0

3 years ago

Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Products A B C

Vitek1552 [10]

Answer:

Bruce Corporation

Minutes of Grinding Machine Time required to satisfy demand for all four products:

Total Grinding Machine Time

Product A = 4.10 minutes * 4,300 demand units = 17,630 minutes

Product B = 5.60 minutes * 4,300 demand units = 24,080 minutes

Product C = 4.60 minutes * 3,300 demand units = 15,180 minutes

Product D = 3.70 minutes * 2,300 demand units = 8,500 minutes

Total = 65,400 minutes

Explanation:

The total minutes of Grinding Machine Time required to satisfy monthly demand for each product is calculated by multiplying the units demanded by the grinding minutes per unit.

This gives total minutes required for each product. Then, when they are summed, the total Grinding Machine Time is obtained.

This total can be compared to the total available minutes per month of 53,900 to obtain the additional minutes required above the minutes available in order to satisfy the products' demands.

8 0

3 years ago