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2 years ago

Of the "Five C's of Credit" which do you think is most important in determining someone's credit worthiness? Why?

Business

1 answer:

Pachacha [2.7K]2 years ago

5 0

Answer:

Character

Explanation: If you have borrowed money, you have most likely heard your lender discuss the Five C’s of Credit. Recently, many lenders have indicated that character of the borrower is the most important of the Five C’s, particularly in tough economic times. -https://www.farmprogress.com/most-important-c-credit

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Conlon Chemicals manufactures paint thinner. Information on the work in process follows:

kupik [55]

Answer:

a. The equivalent units for materials using the weighted-average method 223432 gallons

b. The equivalent units for conversion costs using the weighted-average method 218714 gallons

Explanation:

The Concept of Equivalent units needs to be first defined.Equivalent Units in process costing is the number of units in terms of completion stage or percentage of a certain input element in the process.

Step 1 Calculate the Units of Closing Work In Process

Hint: Units IN must equal units Out

Units of Closing Work In Process = Units of Opening Work In Process + Units Started during the year - Units of Closing Work In Process

Therefore Units of Closing Work In Process = 43300+235400-211300

= 67400 units

Step 2 Calculate the Equivalent Units of Materials

Closing Work In Process ( 67400×18%) = 12132

Completed and Transferred Out ( 211300×100%) = 211300

Total 223432

Step 3 Calculate the Equivalent Units of conversion costs

Closing Work In Process ( 67400×11%) = 7414

Completed and Transferred Out ( 211300×100%) = 211300

Total 218714

3 0

3 years ago

Creighton Company reported the following on the company's income statement for the year. Interest expense $600,000 Income before

avanturin [10]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Interest expense= $600,000

Income before income tax expense= 4,200,000

To calculate the interest earned ratio we need to use the following formula:

Times interest earned ratio= earnings before interest and tax/ interest rate

Times interest earned ratio= 4,200,000/600,000= 7

8 0

3 years ago

true or false. gold and silver futures markets obey the cost-of-carry model (2) use the following information to formulate a pre

STatiana [176]

Gold and silver futures markets obey the cost-of-carry model. TRUE

$5/bu is the price should you try and lock in before harvest.

Gold is a primary economic asset for international locations and crucial banks. it is also utilized by banks as a manner to hedge in opposition to loans made to their authorities and as a hallmark of financial fitness. underneath a free-market device, gold should be considered as forexes like a euro, yen, or U.S. dollar.

Gold does now not deplete into the atmosphere, it does now not burst into flames, and it no longer poisons or irradiates the holder. it is rare and sufficient to make it hard to overproduce and malleable to mint into cash, bars, and bricks. Civilizations have always used gold as a fabric of value.

Learn more about Gold here: brainly.com/question/22385679

#SPJ4

7 0

1 year ago

During a holiday month, a retail store brings in 300% above its average sales in other months.if a typical month has $1600 in sa

Bingel [31]

Answer:

Profit for holiday month is $4,000

Explanation:

Given:

Average sales in a typical month = $1,600

Fixed cost is $800 per month

Sales in festive month is 300% above average typical month sale. So, sales in festive month is $4,800 (1,600 × 300%). Fixed cost remains same irrespective of number of units sold.

Profit = Sales - Fixed cost

= 4,800 - 800

= $4,000

If profit in a typical month is $800 (1,600 - 800), retail store earns profit of $4,000 in a festive month.

3 0

3 years ago

In the North, if the price goes down by $0.40 per pound, then the quantity supplied in the North goes down by 600 pounds per yea

Mumz [18]

Answer:

If the price of peaches goes down by $0.40 in the South, the quantity will decrease by 600 pounds per year.

Explanation:

As given that the decrease in price by $0.40 per pound then the quantity in the North goes down by 600 pounds per years so from here we have understand that if the same prices goes down in the South, then the same decrease in pounds per year will occur i.e decrease in price by $0.40 per pound will result in the decrease in the quantity by 600 pounds per year.

6 0

3 years ago