evaluate the companies for lending purposes will you select the company for lending? Why?
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with the help of the statement of income of BHP ltd attached please answer the below:
1: evaluate the companies for lending purposes will you select the company for lending? Why?
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- with the help of the statement of income of the company attached please answer the below: 1: evaluate the companies on the basis of its financial strenght for lending purposes. will you select this company for lending? Why?with the help of the attached cash flow statements of the company, evaluate the companies for lending purposes, will you select the company for lending purposes? why?Which of the following should show a profit in order for a financial institution to give a the company a loan a) income statement b) rent expense c) accelerated depreciation d) accounts receivable a) income statement b) rent expense c) accelerated depreciation d) accounts receivable
- Give typing answer with explanation and conclusion 1. ________ are items owed to a creditor. ________ are items owned by a company. ________ represents owners' claims to company resources. Expenses; Revenues; Net income Expenses; Revenues; Stockholders��� equity Liabilities; Assets; Stockholders' equity Liabilities; Assets; Net income(b). Using the information given, assess whether Rowett should accept the factoring service offeredby Powell. What use should the company make of any finance provided by the factor?Assume that Ruby Associates is in the process of applying financing facility from MyBank. For that purpose, MyBank requires RA to submit the company’s financial statements to be reviewed by the bank. i. Why MyBank request the financial statements? Give TWO (2) reasons ii. Identify and explain the relevant information from the financial statements the important for MyBank in making decision.
- What is the primary purpose of the Statement of Affairs ? a. To determine how much is owed by the customers b. To determine the amount for the owners equity c. To determine how is left in the bank account d. To determine if there was a gain or loss on disposal The term Margin is determined by which of the following operations? a. Adding all the incomes b. Dividing gross profit by sales c. Subtracting expenses from sales d. Multiplying capital by a decimal The Sandy Bay is a trader in sand. On December 31, 2010 the closing inventory was completely destroyed by flood rains. The following information is available: (1) Inventory at December 1, 2010 at cost $31,400 (2) Purchases for December 2010 $55,600 (3) Sales for December 2010 $88,800 (4) Standard mark-up is 25% Based on this information, what was the value of the closing inventory? a. $15,960 b. $17,760 c. $20,400 d. $25,800…Based upon the given financial statement, would you provide a credit line to this company? Support your decision by reference to your work in parts (1) through (4).What business record shows the results of the proprietorship’s borrowing assets from the business, usually anticipation of profits? A. Proprietor’s Withdrawals B. Proprietor’s Investment C. Proprietor’s Capital D. Proprietor’s Assets
- Where could you find the total amount of assets, liabilities, and owners’ equity for The Hershey Company?Statements of Financial Accounting Concepts set forth financial accounting and reporting objectives and fundamentals that will be used by the Financial Accounting Standards Board in developing stands. Concepts Statement No. 6 defines various elements of financial statements. Instructions: Answer the following questions based on SFAC No. 6: a. Define and discuss the term "equity." b. What transactions or events change owner's equity? c. Define "investments by owners" and provide examples of this type of transaction. What financial statement element other than equity is typically affected by owner investments? d. Define "distributions to owners" and provide examples of this type of transaction. What financial statement element other than equity is typically affected by distributions? e. What are examples of changes within owners' equity that do not change the total amount of owners' equity?External users of financial accounting information include all of the following except ________. A. lenders such as bankers B. governmental agencies such as the IRS C. employees of a business D. potential investors