Mr. Ian make a loan with Cash and Carry Financial Institution by charge their premise building as a fixed charge for the sum of RM200,000. After a while in 27 February 2022, has conduct a fixed charge over a debenture for the amount of RM100,000 from Bank Melaka because they need to export the goods to Beijing. While then, the company also doesn’t have money to pay both of Cash and Carry Financial Institution and Bank Melaka. 1. Now what should Mr. Ian do because of the above problem? 2. How should he solve this problem? 3. What will be the solution for his matter.

Mr. Ian make a loan with Cash and Carry Financial Institution by charge their premise building as a fixed charge for the sum of RM200,000. After a while in 27 February 2022, has conduct a fixed charge over a debenture for the amount of RM100,000 from Bank Melaka because they need to export the goods to Beijing. While then, the company also doesn’t have money to pay both of Cash and Carry Financial Institution and Bank Melaka. 1. Now what should Mr. Ian do because of the above problem? 2. How should he solve this problem? 3. What will be the solution for his matter.

Business Its Legal Ethical & Global Environment

10th Edition

ISBN:9781305224414

Author:JENNINGS

Publisher:JENNINGS

Chapter7: International Law

Section: Chapter Questions

Problem 4QAP

See similar textbooks

Similar questions

Africa Traders is a business that sells furniture and equipment items to its customers. Africa Traders bought equipment for an amount of R25 000 from SA Dealers, which was financed through a bank overdraft from RAND Bank. Equipment was bought solely for the purpose of being used by Africa Traders. What will be the effect on the accounting equation? Select one: a. LIABILITIES = ASSETS - EQUITY Current: - R25 000 Non-current: - R25 000 R0 b. LIABILITIES = ASSETS - EQUITY R0 Non-current: + R25 000 - R25 000 c. LIABILITIES = ASSETS - EQUITY R0 Non-current: + R25 000 Current: - R25 000 R0 d. LIABILITIES = ASSETS - EQUITY Current: + R25 000 Non-current: + R25 000 R0
In 1/1/2022 the Gulf bank started it’s businesses in Bahrain with the capital of 10000000 BD. 5000000 BD is deposited on the central bank, 2000000 BD deposited on Arab Bank, and 1000000 BD deposited on National of Bahrain bank, and the rest of the capital kept on the bank cash. The following transaction happened on the first week 2- Withdrawing 1500000 BD from Arab Bank and deposit the money in the central bank 3- 200000 BD paid cash to payment fund on the bank 4- The bank paid from the payment fund 50000BD, rent of the bank offices and 7500 BD Stationary 5- The bank purchased furniture cost of 75000BD, paid by check to be paid from Arab Bank account 6- The bank purchased computers cost of cost of 30000BD, cars cost of 50000 , paid by check to be paid from National bank of Bahrain 7- The amounts that the bank received by the receipt account was 210000 as follows. • 102000 BD Current accounts • 28000 BD saving accounts • 80000 BD debit accounts 8- The amounts that the bank accounts have…
ABC Inc. is a Corporation with a focus on Garment and textile manufacturing in the UAE. They are now looking to finance their new project, are looking for a bank to give them a loan. Calculate the following ratios for both 2018 and 2019, interpret and analyze them: Current Ratio 2019= 8.69 / 2018= 11.62 Acid Test Ratio 2019= 8.69 / 2018= 11.42 Times Interest Earned Ratio 2019= 72.97 / 2018= 124.74 Debt Ratio 2019= 11.52% / 2018= 8.65% Accounts Receivable Turnover 2019= 5.39 / 2018= 4.21 Inventory Turnover 2019= 0 / 2018= 130.58 Days Sales in Inventory 2019= 0 / 2018= 2 Average Collection Period 2019= 71 days / 2018= 86.79 days Based on the ratios calculated above, Can you conclude if any bank would easily give a loan to you?
Company A is currently cash-constrained, and must make a decision about whether to delay paying one of its suppliers, or taking out a loan. They owe the supplier $12,245, and they can borrow the money from Bank B, which has offered to lend the firm $12,245 for 1 months at an APR of 13% (compounded). The loan has a 1.54% loan origination fee. What would be the cost for Company A if they decide to borrow from Bank B?
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Use T-accounts to describe what happens in the following instances: 1.The Bank of Japan sells ¥10 billion of securities to banks. 2.The Bank of England buys £97 million of securities from banks. 3.Banks borrow €897 million from the ECB. 4.Banks repay $C80 million of loans to the Bank of Canada. 5.The Fed buys $75 billion of securities from the nonbank public, which deposits $70 billion and keeps $5 billion in cash.
Mustafa wants a financing of a washingmachine which cost PKR 70,000. He went toAlfalah Islamic and requested for 4 monthsfinancing. Penetrating market rate is 15%. a)Which mode of financing will be used? b) Writedown the shariah principles of that mode. c) Listdown the steps of execution by Islamic Banks
a.If US$1 = C$1.1277, and if the bank in Canada charges 0.9% commission to buy or sell currencies, how many US dollars can you buy for C$4,200?b.Speakers are listed by a manufacturer for $720, less trade discounts of 7% and 6%. What further rate of discount should be given to bring the net price to $587? c.Mike purchased furniture for $8,400 and received an invoice dated February 5, 2017, with terms 2.5/10, n/30. He made a partial payment of $3,600 on February 10, 2017, and the balance on February 20, 2017. What was the balance? d. What is the markup rate based on cost, if the markup rate based on selling price is 14%?
3 On April 1, 2007, Shannon, a US bank, made a one year loan (asset to Shannon) of 200,000 swiss francs to Scott Co. The dollar value of the loan at various dates was as follows: April 1, 2007: $100,000. December 31, 2007: $ 115,000 April 30, 2007: $110,000 April 1, 2008 : $ 97,000 A What amount of foreign exchange gain or loss should be recorded in April 2007 for Shannon B What amount of foreign exchange gain or loss should be recorded in full year 2007 for Shannon C What amount of foreign exchange gain or loss should be included in Shannon’s 2008 income statement.
Muhamar Gadaffi has a franchise with an international tyre manufacturer to supply its products in Kenya. He makes the accounts of his business operations to 30 April. As at 30 April 2019, the following trial balance was extracted from his books of account. Sh. Sh. Capital 144,000 Sales 259,000 Trade receivables and payables 10,920 5,768 Bank balance 371 Short-term loan 6,475 Purchases…
On 1/1/2020, a young pioneer started his commercial project with a capital of 10,000 dinars, and he deposited this amount in a current account of the project with a bank. - Day 1/2 rent a store in a commercial area and pay in advance 3 months' rent with a check of 600 dinars. - On 1/3, a 1000 dinars were withdrawn from the bank to be deposited in the store fund for petty cash. - On 1/5, he bought a commodity for 3,000 dinars, and paid for it by check. - On January 12, he paid 50 dinars in cash for a funded advertisement on Facebook. On January 17th, he sold goods for cash for 1500 dinars. - On January 22, he sold merchandise on the account with a value of 1800 dinars to Abu Ali stores. - On January 23, he bought an office with a chair and a small wardrobe for the shop, at a total price of 400 dinars, which he paid in cash. - On January 31, pay the electricity and water bill for January, at an amount of 45 dinars. Required : 1) Record the journal entries for the…
Ryan Bang borrowed money from Manny Pacquiao in the amount of Php 1 Million with an interest rate of 10%. The transaction was made in South Korea. The source of the interest income of Manny is: Within Without Partly within, partly without
Ecobank holds ¢450million T-Bill but is in short of cash. It needs cash to meet the requirement of a customer who has come to withdraw ¢400million.You have been asked to approach Barclays Bank to sell the T-Bill for ¢395.5million on Monday morning with agreement to repurchase the bill on Friday evening. (a) How much in cedis does Ecobank lose in this transaction (b) What is the Repo Rate on this transaction?