All categories

3 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]3 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

You might be interested in

dit sales of $42,000 and $68,000, respectively. The company expects to collect 60% of its credit sales in the month of the sale,

blagie [28]

Answer:

cash collections from credit sales that the company will include in its cash budget for the second month is $55,500

Explanation:

Second Month Cash Collections will include the following Cash flows:

(1) 60% of the 2nd month`s sales

(2) 35 % of the 1st month`s sales

Therefore cash collections from credit sales :

(1) 60% of the 2nd month`s sales ( $68,000×60%) = $40,800

(2) 35 % of the 1st month`s sales ( $42,000× 35 %) = $14,700

Total cash collections = $55,500

8 0

3 years ago

Read 2 more answers

Google, Yahoo, Bing, and other major news and search sites confer legitimacy by way of algorithms that take into account what us

maksim [4K]

Answer:

Organic feed.

Explanation:

The organic feed of news and research sites such as those mentioned in the question, can be an additional strategic differential for several businesses. There is paid advertising, but ensuring that there is organic advertising for your company based on user research is configured as an effective engagement and relationship strategy.

For companies to increase engagement in online media, it is necessary to provide targeted content that offers value and not just advertising, the company must generate engagement of the target audience and strengthen the relationship and interaction with the customer through greater proximity, speed response and online presence.

6 0

3 years ago

acuBlade Castings Inc. casts blades for turbine engines. Within the Casting Department, alloy is first melted in a crucible, the

romanna [79]

Answer:

For complete understanding lets first make EPU (Equivalent Production Unit)

Direct Material Conversion

Units completed &transferred out 6,800 6,800

Closing WIP 500 100(500*20%)

Total units 7,300 6,900

Closing WIP units = Opening WIP +During the year - units completed

= 700 + 6,600 - 6,800

=500 units

On the basis of weighted average method following will be cost per unit:

Total Direct material cost/unit = (70,000 + 633,600)/7,300 = 96.3835

Total conversion cost/unit =(4,410+53,520+80,280(53,520*150%))/6,900=20.0304

Therefore, following would be the entries

WIP 767,400

Material 633,600

Conversion 133.800 (53,520+80,280)

Finished goods 791,615 (96.3838+20.0304)*6,800

WIP 791,615

Working for closing unit

Material (500*96.3835) = 48,191

Conversion (500*20%*20.0304) = 2003.043

3 0

3 years ago

Cynthia, a sole proprietor, was engaged in a service business and reported her income on the cash basis. On February 1, 2013, sh

Sunny_sXe [5.5K]

Answer:

<h3>Cynthia and Dove Corporation</h3>

Any profits generated by Dove Corporation will be taxed to the corporation and also taxed to Cynthia as a shareholder whenever Dove distributes the profits as dividends. Taxing Dove and Cynthia creates a double taxation burden for both Dove and Cynthia. Dove Corporation does not get a tax deduction when it distributes dividends to Cynthia. Furthermore, Cynthia cannot deduct any corporation loss when incurred. These are unlike when the business was only a sole proprietorship.

Explanation:

a) Data and Calculations:

Dove Corporation

Balance Sheet

February 1, 2013

Assets

Basis to Dove Fair Market Value

Cash $ 80,000 $ 80,000

Accounts receivable 0 240,000

Equipment (cost $180,000; 120,000 320,000

depreciation previously claimed $60,000)

Building (straight-line depreciation) 160,000 400,000

Land 40,000 160,000

Total $400,000 $1,200,000

Liabilities and Stockholders' Equity

Liabilities:

Accounts payable—trade $ 120,000

Notes payable—bank 360,000

Stockholders' equity:

Common stock 720,000

Total $1,200,000

4 0

3 years ago

How did great britain enforce the payment of taxes.

andrew-mc [135]

Answer:

King George lll sent British soldiers to the colonies to enforce payment of taxes, because colonist sometimes smuggled goods into colonies to avoid paying taxes. ... The items were marked with a stamp to show the tax was paid.

4 0

3 years ago