Extending credit - Study guides, Class notes & Summaries

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bus...

MGMT 200 Exam #2 (Purdue) Questions and Answers 100% Pass Credit sales are recorded as A. Debit Cash, credit Deferred Revenue B. Debit Service Revenue, credit Accounts Receivable C. Debit Cash, credit Service Revenue D. Debit Accounts Receivable, credit Service Revenue D Identify the condition(s) that must exist for a sale and the related receivable to be recognized. A. Collection of cash is probable B. The company must have collected cash from at least one previous sale to the customer ...

Credit sales are recorded as A. Debit Cash, credit Deferred Revenue B. Debit Service Revenue, credit Accounts Receivable C. Debit Cash, credit Service Revenue D. Debit Accounts Receivable, credit Service Revenue correct answers D. Debit Accounts Receivable, credit Service Revenue Identify the condition(s) that must exist for a sale and the related receivable to be recognized. A. Collection of cash is probable B. The company must have collected cash from at least one previous sale to...

account - record of increases/decreases in specific account account balance - difference between total debits and credits including any beginning balance accounting - information and measurement system that identifies and records and communicates relevant reliable and comparable information about organizations business activities. Language of business. accounting cycle - steps in preparing financial statements Accounting Equation - Assets=Liabilities+Equity accrual basis accounting - uses...

Credit sales are recorded as A. Debit Cash, credit Deferred Revenue B. Debit Service Revenue, credit Accounts Receivable C. Debit Cash, credit Service Revenue D. Debit Accounts Receivable, credit Service Revenue Correct Answer: D Identify the condition(s) that must exist for a sale and the related receivable to be recognized. A. Collection of cash is probable B. The company must have collected cash from at least one previous sale to the customer C. Goods or services have been provided...

CONTENTS 1 INTRODUCTION 2 SUGGESTED SOLUTIONS TO ASSIGNMENTS 3 EXAMINATION GUIDELINES 4 CONCLUDING REMARKS 1 INTRODUCTION The purpose of this tutorial letter is to provide you with suggested answers to assignments, and give you guidelines for the examination. 2 SUGGESTED ANSWERS TO ASSIGNMENTS Question 1 Distinguish between credit risk assessment and credit risk measurement. (10) Suggested Answer Credit risk assessment Is a credit management process that seeks to identify and contro...

AFSB 152 Exam Questions and Answers 100% Solved What does the premium to surplus ratio indicate? ️️o Can show how much the capacity has to withstand underwriting miscalculations o More premiums written, the higher the ratio, and more cause for concern o Underwriting/investment losses cause a decrease in policyholders' surplus, and causes increase in ratio Suretyship ️️An obligation to pay the debts of, or answer for the default or miscarriage of another Benefits to Project ...

IDIS 240 EXAM 1 VESTAL LATEST UPDATE GRADED A+ OEM Original Equipment Manufacturer - buys the product and "rebrands" to sell as their own with warranty MRO Maintenance Repair Operation - people who fix something with a problem Contractor Person who provides supplies or service under contract Breaking bulk Shipping something in individual components 3PL 3rd Party Logistics Provider - specializes in warehousing and transportation services that customize to customers based on ...

2 SUGGESTED ANSWERS TO ASSIGNMENTS Question 1 Distinguish between credit risk assessment and credit risk measurement. (10) Suggested Answer Credit risk assessment Is a credit management process that seeks to identify and control risks by determining the borrower’s probability of repaying the debt√. Through credit analysis, an assessment is made of the borrower’s income, balance sheet, and cash flow statements, along with character, capacity, and capital adequacy, all of which are ...

Champions Real Estate - Principles 1 Exam 2024 Already Passed brokerage the aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction; a brokerage transaction may or may not involve agency relationships The role of a property manager Generally responsible for the day to day operations of the property, maintenance, and tenant relations How are home inspectors licensed? Home inspectors are licensed in Texas by TREC. Real ...

Pros and Cons of Extending Credit Advantage: 1. Increases the seller's revenues Disadvantages: 1. increase wage cost 2. bad debt cost 3. delayed receipt of cash Journal entry at time of sale (record sales on account) debit accounts receivables and credit sales revenues Journal entry to record estimate of bad debts debit bad debt expense and credit allowance for doubtful accounts Journal entry for when bad debt is known debit allowance for doubtful accounts and credit accounts receivable Ac...