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ss7ja [257]
3 years ago
8

What are the c’s of credit

Business
1 answer:
Anit [1.1K]3 years ago
3 0
The five C's of credit<span> is a system used by lenders to gauge the creditworthiness of potential borrowers. The system weighs five characteristics of the borrower and conditions of the loan, attempting to estimate the chance of default. The five </span>C's of credit<span> are character, capacity, capital, collateral and conditions.

please give me brainliest</span>
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5 0
3 years ago
In the heading of a cover letter, which of the following formats should be used for the date?
loris [4]
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7 0
3 years ago
Ruby Corporation, a calendar year, accrual method C corporation, has two cash method, calendar year shareholders who are unrelat
telo118 [61]

Answer:

Explanation:

Answer:

$200000 + $200000 +$50000(to COLE's bonus)

= $450000

Ruby corporation uses accrual method.

A corporation that is using accrual method, cannot claim a deduction for an accrual with respect to a related party until the recipient reports that amount as income.

Here, Cole owns more than 50% (55%) so its a related party and it will report bonus on february 1,2017

Therefore, Ruby can not deduct bonus payable to oliver in 2016

Hence total deductible in 2017 would be $450000.

5 0
3 years ago
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Yanka [14]

Answer:

so they can end up spending less on interest payments and credit card fees.

Explanation:

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