April is worried that she is not a "good speller," so she plans to let the spelling

Thepotemich [5.8K]

Answer:

Credit Risk Manager. Also referred to as: Manager - Credit Risk Management. Requirements and Responsibilities. Develops and implements policies and procedures that reduce credit risk for a financial institution. Manages the building of financial models that predict credit risk exposure to the organization.

7 0

3 years ago

Check all true statements regarding CMBS:

Stolb23 [73]

Answer: A and D only

Explanation:

CMBS Loan are also referred to as a Conduit Loan, this is a type of real estate loan usually commercial, which is secured by a first-position mortgage on a commercial property. These loans are usually packaged, and sold by a Conduit Lender, commercial banks, investment banks, and syndicates of banks.

Loans in a CMBS are always bigger so they are less in a CMBS deal. Sometimes it’s onlyone loan in a Single Asset (SA) CMBS deal

Prepayments are discouraged in CMBS through defeasance,prepayment penalties or yield maintenance fees.

5 0

2 years ago

Read 2 more answers

The goal of channels of distribution is to move products from producers to

Delvig [45]

Answer:

Final consumers

Explanation:

The goal of channels of distribution is to move products from producers to final consumers, that is, by bridging the gap between the producer and the consumer by bringing the product or service to the final buyer or consumer. Products and services may go through channel members known as intermediaries which include wholesalers, retailers, distributors.

7 0

3 years ago

In many larger U.S. based firms the __________ matches the overall strategy of the firm and reinforces the __________ emerging f

dimulka [17.4K]

Answer:

reward system; culture

Explanation:

Reward systems in an organization provide evidence of the culture practices of that organization. Reward schemes represent the values and norms of the company that people follow or promote.
Culture is regarded as an expression of organizational values that guide the organization and groups to advance in positions of power. The concept of performance standards and reward planning (key elements of the reward system) comes from the organizational culture.
Many researchers and practitioners have observed the interdependence between organizational culture and reward systems. The reward system develops from the cultural changes that take place in the everyday events of organizational life.

6 0

3 years ago

Babcock Company purchased a piece of machinery for $36,000 on January 1, 2019, and has been depreciating the machine using the s

pogonyaev

Answer:

Requirement 1:

Dr Accumulated Depreciation $9,600

Cr Retained Earnings Account $9,600

Requirement 2:

Dr Depreciation Expense $6,000

Cr Accumulated Depreciation $6,000

Explanation:

Year Remaining Life of machine Depreciation fraction

1 5 5/15

2 4 4/15

3 3 3/15

4 2 2/15

5 1 1/15

Total 15

Now here, the depreciation formula is as under:

Depreciation expense = (Cost - Salvage Value) * Fraction value

Year 2019:

The sum of years digit fraction would be 5/15 and the cost of the machinery is $36,000. So

Depreciation Expense = ($36,000 - 0) * 5/15 = $12,000

Year 2020:

The sum of years digit fraction would be 5/15 and the cost of the machinery is $36,000. So

Depreciation Expense = ($36,000 - 0) * 4/15 = $9,600

Year 2021:

Now in this year the there is change in estimate and a switch in the use of the depreciation method, which is now straight line method. The change in estimate only includes the useful life of the asset which is 6 years from the date of purchase.

So for straight-line depreciation:

Depreciation Expense = (Cost - Salvage Value) / Useful Life

By simply putting values, we have:

Depreciation Expense = $36,000 / 6 years = $6,000 per year

So this means, according to change in accounting policy, the excess depreciation charged must be eliminated from the previous years. The depreciation charge for the previous 2 years must be $12,000 and the excess depreciation charge is calculated as under:

Carrying value of the asset = $21,600 - $12,000 = $9,600

Requirement 1:

The double entry according to the US GAAP, for the excess depreciation charge in the previous years would be the waiving off of retained earnings with the excess depreciation amount calculated above.

Dr Accumulated Depreciation $9,600

Cr Retained Earnings Account $9,600

Requirement 2:

The depreciation expense for the year 2021, would be recorded as under:

Dr Depreciation Expense $6,000

Cr Accumulated Depreciation $6,000

3 0

3 years ago