Creditworthiness - Study guides, Class notes & Summaries

Accounting 200 Exam 1 Latest Version 100% Verified What defines account payable? A liability representing an amount owed by a business to its suppliers or creditors, based on the business's general creditworthiness. Define accounting. Accounting refers to the system of collecting, recording, summarizing, and communicating financial information about business activities to decisionmakers. What does the accounting equation state? The accounting equation expresses that assets a...

1. Income Statement: Produced once a month to ensure expense review and control 2. Income Statement': Allows a company to determine how much money is coming in and how it's being spent 3. Promissory Note: Indicates a loan and debt financing to raise capital 4. Convertible Securities: Used to raise capital by way of equity financing 5. Convertible Securities': Stock or bond, that can be converted to another type of security 6. Convertible' Securities: Another type of bond or stock 7. Di...

FINRA SIE Exam Questions and Answers Already Passed When interest rates decrease, which type of bonds are issuers likely to redeem first? Preferred bonds with high dividend rates trading above face value What actions taken by a company can impact the equity of its common shareholders? Converting preferred stock or bonds into common shares Repurchasing common stock Issuing new common shares (Note: While stock splits do not alter shareholder equity, they do require a vote because they...

REE 4202- Exam 2 Sirmans Questions And Revised Correct Answers Borrower Qualifications include: - ANSWER : 1. determining maximum loan amount 2. estimating settlement requirements and costs 3. analyzing credit history 4. calculating effective income 5. estimating monthly housing expense 6. assessing ability to repay mortgages and other liabilities in a timely fashion Credit Scoring – ANSWER : -used to assess the creditworthiness of a borrower -best known company FICO (Fai...

The FSI provides key services to the economic system (FSI = financial service industry) correct answers -Liquidity and transactions (trading systems for buying and selling) -Matching individuals who have excess funds with those with those who need the them (financial intermediation) -Risk sharing (diversification) Finanical services industry are different around the world -in the USA, UK & Asia -in EU correct answers Market based economy in USA, UK, ASIA More bank-based economy i...

financial statement communicates what? - - financial condition - results of operations - various other activities of an organization how board of directors use financial data... - - hold management accountable - make board-level decisions about corporate strategy how company management uses financial data... - - measure performance - make strategic, operating and financial decisions how creditors use financial data... - - measure creditworthiness - liquidity - bankruptcy risk how inves...

Revenue correct answers inflows of assets from delivery or producing goods or rendering services - realized and earned Realized correct answers product/service is exchanged for cash/promise/other asset Earned correct answers products have been delivered or services provided Criteria for Revenue correct answers - evidence - delivered/rendered - price fixed and determinable - assured collectability Fraud Risk - Revenue correct answers - Alter Terms - Channel Stuffing - Related-Par...

Outline the business relationships between the three principal parties that are involved in a landscape construction project (Their obligations) - correct answer 1. Owner/ client - initiate the project ; signs separate contracts for completion, & responsible for funding design & construction 2. Contractor - hired by owner to combine necessary ingredients of materials , labor, equipment, and management to accomplish job 3. Landscape architect - deals w/ both. only contractual relationshi...

Texas Business and Finance 6-12 (276) questions with correct answers, 165 Q&A, 2024. With Complete Solution. every month. When a company is trying to regulate its spending and track incoming funds, the accountant should prepare an income statement once creditworthiness. A lending company will review a borrower's accounting documentation to evaluate Doctrine of subrogation Which of the following doctrines prevents a person from insuring a neighbor's house? The perpetual inventory syste...

financial statement communicates what? - - financial condition - results of operations - various other activities of an organization how board of directors use financial data... - - hold management accountable - make board-level decisions about corporate strategy how company management uses financial data... - - measure performance - make strategic, operating and financial decisions how creditors use financial data... - - measure creditworthiness - liquidity - bankruptcy risk