100% tevredenheidsgarantie Direct beschikbaar na je betaling Lees online óf als PDF Geen vaste maandelijkse kosten
logo-home
Eerder door jou gezocht
Eerder door jou gezocht
logo
CLFP - CLASS REVIEW STUDY QUESTIONS WELL ANSWERED WITH A GUARANTEED PASS! $14.99
In winkelwagen
Snel navigeren naar
Voorbeeld
  2.  
  3. CLFP
  4.  
  5. CLFP

Tentamen (uitwerkingen)

CLFP - CLASS REVIEW STUDY QUESTIONS WELL ANSWERED WITH A GUARANTEED PASS!
 6 keer verkocht
  • Vak
  • CLFP
  • Instelling
  • CLFP

When should lessor register as foreign corp? Within a state ... Good - stock of them Services offered Inspection or repair of property Office/employees Negotiated contracts What is dode of Hammurabi? - 1750 BC - Acknowledges leasing of personal property in his code of laws - First rec...

[Meer zien]

Voorbeeld 3 van de 17  pagina's

Document informatie

  • 30 juli 2022
  • 17
  • 2021/2022
  • Tentamen (uitwerkingen)
  • Vragen en antwoorden

Onderwerpen

  • what is statue of whales
  • clfp class review study questions well answered with a guaranteed pass
  • when should lessor register as foreign corp
  • what is dode of hammurabi
  • early examples of true lease

Geschreven voor

  • CLFP
Alle documenten voor dit vak (215)

Verkoper

avatar-seller
EvaTee

Ontvangen beoordelingen

Voorbeeld van de inhoud

CLFP - CLASS REVIEW STUDY
Are UCC 9 required for Leases? - Answer - No but good idea
- In the event transaction not found to be lease, secured creditor has rights to
equipment in BK

Define 'doing business in' another state - Answer - Visit often
- Agent present presence of agent
- Tax paid
- Office

Early examples of true lease? - Answer - Phoenicians shipping experts
- charters covered economic life of ships
- lessee to assume benefits and obligations of ownership

How are Partnership Tax Liabilities treated? - Answer income or losses of partnership
are divided among owners.

How can SWOT help marketing plan - Answer - help you take advantage of what you do
well
- avoid what you do not do well
- focus on biggest opportunities
- avoid risk

How does FASB 13 define an operating lease? - Answer B - bargin purchse option -
NOT
E - economic useful life > 75% - NOT
A - automatic title transfer - NOT
P - PV of payments (no resid) > 90% of FMV - NOT

How does IRS 55-540 define true lease? - Answer P - payment exceed FMV - NOT
A - automatic titletransfer - NOT
I - interest contained in payment - NOT
N - nominal purchase option - NOT
E - equity in lease - NOT
E - excessive lease payments - NOT

How is Outsourcing viewed in the leasing industry/ - Answer it is a good management
practice.

How is the selling process conducting porcess conducted across many different
companies? - Answer - all companies handle differently
- some buy lists, some cold call, some vendor, some broker etc.

How long is UCC good for? - Answer 5 years

,How many owners are required in a LLC? - Answer one (1)

In BK, lease or secured lender more likely to get equipment back? - Answer Lease

Key Elements of Lease Transaction? - Answer - lessee must sign
- lessor must sign
- paid invoice is transfer of ownership
- paid invoice is not transfer of title

Lease Intended As Security - Answer Transaction which is written in the form of a lease,
but the substance is a conditional sale contract or a loan with a security agreement on
the property.

Lessor can only pursue principal with respect to which types of entities? - Answer - sole
proprietor
- general partner

List Accounting Lease Classification - Answer Operating, Capital Loan

List Legal Lease Classification? - Answer Lease, secured financing, unsecured
financing

List Tax Lease Classification? - Answer Tax Lease (True Lease), Non Tax Lease (Non
True Lease) (aka conditional sale)

Name five forms of Vendor Fraud? - Answer - bunk lessee
- bunk equipment
- false sale leaseback
- bunk signature
- side agreements
- inflated prices
- used vs. new

Sales-Type Lease - Answer From the lessor's perspective - a capital lease that gives
rise to manufacturer's or dealer's profit to the lessor

To gain PMSI, how long do you have to file UCC? - Answer 20 days

To test a scenario in which a PMSI or Blanket Lien prevails, what needs to be
analyzed? - Answer - is secured transaction?
- UCC filed in 20 days?
- did lessor pay for majority of equipment?

What are advantages of Brokering? - Answer - requires little/no capital
- easiest

, - no servicing required

What are advantages of Discounting? - Answer - lower COF
- flexibility
- brand identity
- increased revenue
- retains customer

What are advantages of Equity/Debt funding? - Answer - retain long term economic
benefit
- control - underwriting, funding etc

What are advantages of Securitization? - Answer - low cost of funds
- potential off balance sheet (bk remote company)
- access to capital markets

What are characteristics of a strong sale person? - Answer - on time
- organized
- take initiative
- empathetic
- understands sales cycle
- knowledgeable
- works well with others
- team player

What are CLFP's thoughts on spiffs/rebates? - Answer CLFP frowns upon them

What are common reserve targets? - Answer 1.5 - 2 times annual losses

What are disadvantages of brokering? - Answer - limited profit
- lacks control
- loss long term relationship to funding source

What are disadvantages of Discounting? - Answer -significant reps and warranties
- retains some risk (i.e. residual)
- requires working capital
- potentially less upfront profit.

What are disadvantages of Equity/Debt funding? - Answer - risk
- limited capital
- large back-office requirements

What are disadvantages of Securitization? - Answer - requires expertise
- huge cost to conduct
- time consuming
- need uniformity in assets

Dit zijn jouw voordelen als je samenvattingen koopt bij Stuvia:

Bewezen kwaliteit door reviews

Bewezen kwaliteit door reviews

Studenten hebben al meer dan 850.000 samenvattingen beoordeeld. Zo weet jij zeker dat je de beste keuze maakt!

In een paar klikken geregeld

In een paar klikken geregeld

Geen gedoe — betaal gewoon eenmalig met iDeal, Bancontact of creditcard en je bent klaar. Geen abonnement nodig.

Focus op de essentie

Focus op de essentie

Studenten maken samenvattingen voor studenten. Dat betekent: actuele inhoud waar jij écht wat aan hebt. Geen overbodige details!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper EvaTee. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor $14.99. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 64670 samenvattingen verkocht

Opgericht in 2010, al 15 jaar dé plek om samenvattingen te kopen

Start met verkopen

Laatst bekeken door jou

Samenvatting ·

(0)

Volledige samenvatting Management accounting inclusief oefeningen

Tentamen (uitwerkingen) ·

(1)

Power to Arrest Final Exam Practice Questions & ANSWERS 100% VERIFIED.

Tentamen (uitwerkingen) ·

(0)

Abeka Economics Chapters 1-7 practice questions and answers 2024

Samenvatting ·

(0)

Uitgebreide samenvatting CIRCII Geneeskunde Universiteit Utrecht

Tentamen (uitwerkingen) ·

(0)

Database Security, Basta - Solutions, summaries, and outlines. 2022 updated

Tentamen (uitwerkingen) ·

(0)

Financial Accounting for MBAs 8th Edition Easton Solutions Manua

Tentamen (uitwerkingen) ·

(0)

NURSING Med Surg 2 SAUNDERS COMPREHENSIVE REVIEW FOR NCLEX FOUR

Tentamen (uitwerkingen) ·

(1)

Michigan Residential Builder's License Test With Correct Solution

Tentamen (uitwerkingen) ·

(0)

NR 601 Week 3 Psychiatric Disorders and Screening(Download to score 100%)

$14.99  6x  verkocht
  • (0)
In winkelwagen
Toegevoegd