Why would an organization want to know what there Net Credit Position is?

Q: 1. Why is important for a loan officer to determine the net worth of an individual or business…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: ypes of credit extension? Which one is biggest?Writing the lending process to provide loan for…

A: Credit extension means the loans granted.

Q: What do I need to do to build a solid credit history and how can I maintain it?

A: credit score history is a method to judge a customer's capability of paying his credit amount taken…

Q: Explain how the accounting equation organizes financial information using T-accounts and debits and…

A: Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: What are the five C's of credit?

A: BANKS use 5 c's to quantify and decide whether the applicant is eligible to give loan.

Q: Draw a figure showing the five parts of the Financial System and explain them in detail

A: The figure is drawn below:

Q: identify and explain four types of services that commercial banks offer.

A: A bank is a financial institution that acts as an intermediary between surplus units and deficit…

Q: do we need to check   the credit worthiness of credit customers before granting their credit…

A: Giving credit to the business and customers is main earning sources for banks but they need to take…

Q: What is the difference between a credit score(FICO) and a credit report. How/where can you check…

A: Credit Score- It is a number that  helps the lender to evaluate the credit worthiness  of an…

Q: what is  the four major financial statement? What is the purpose of each?  Which must be prepared…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Use the Income Summary T-Account and words in the word bank to fill in the statements below. 1. The…

A: Income statement means a summary of revenue and expenditure of the organisation during a year and…

Q: What would the credit terms of “2/10, n/EOM” mean?

A:

Q: Effective credit management involves establishing credit standards for extending credit to…

A: a) How a company handles its credit accounts, including methods of invoicing and collecting past-due…

Q: What are the benefits of credit management brings on the economic aspect of a company?

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: Which one of the following best defines the term credit scoring?  A.  Categorizing customers…

A: The statistical tool used to analyze the performance by lenders and financial institutions so as to…

Q: Which of the following is not a company that can provide you with a look at your credit score? a.…

A: There are three companies given in the question which are working in the credit field: Credit Karma…

Q: What is a sale on credit and why it is needed? Give three examples?

A: Sale on Credit: A sale on credit is revenue earned by a company when it sells goods and allows the…

Q: Why are credit instruments important? Explain. (150 words)

A: Credit is neither capital nor creates capital. The credit instruments solely represent cash and…

Q: Based upon the given financial statement, would you provide a credit line to this company? Support…

A: We are given the various ratios calculated from the income statement and the balance sheet of the…

Q: When a lender looks at your FICO credit score to decide whether to lend to you, which of the "Five…

A: When a lender looks at your FICO credit score to decide whether to lend to you, he is considering…

Q: What is the difference between a nominal account and a real account?

A: Nominal Account: These are the accounts that pertain to Incomes (or Revenues) and Expenses. Thus,…

Q: What do you think of when you hear the word debit? What do you think of when you hear the word…

A: Hey, since there are multiple questions posted, we will answer the first question. If you want any…

Q: One article  regarding  "Credit Transaction" issues and how it was resolved. Make a comment about…

A: To charge whatever they wish for credit. Usury laws set up a greatest pace of legitimate interest.…

Q: The chart of accounts must be tailorod to an organizations spocific needs. Discuss how the chart of…

A: Answer: Chart of accounts is the set of the financial accounts that is generally used by any…

Q: Debit Cash Credit Other Financing Sources What does this journal entry mean?

A: The meanings  of different journal entries are presented hereunder :

Q: what is credit and why is it important how do you build your credit how do you check your credit…

A: Credit is a very important part of meeting one’s personal financial objective. It is used by…

Q: of the credit policy to (a) the credit department and (b) customers.

A: Credit standards are the set of standards that a company, bank or other financial institution used…

Q: Define the following using your own words and give examples Account T-account To debit

A: As per the guidelines, only three subparts are allowed to be solved. Please resubmit the remaining…

Q: mportance of a credit score for financial planning.

A: Since there are multiple questions are given, so as per answering guidelines we do only first one.

Q: Working with a company that is able to pay its bills is important. The Balance Sheet is a great…

A: Balance sheet is a financial statement, which presents the balances of assets, liabilities, and…

Q: Which of the following entries is not one a firm would normally make? A)Debit cash, credit accounts…

A: Journal is a book of original entry in which all the financial transactions of the business are…

Q: - Mention any four financial services which you avail from financial Institution.

A: Financial institution is an organization or a company which offers the services related to financial…

Q: edits? I understand what the definition of a credit is, but what does it mean to apply credits in…

A: A credit application is a request for credit presented to a credit provider by a potential borrower.…

Q: A credit bureau, AKA credit agencies, are companies that collect credit information about…

A: A credit bureau can be defined as a company that gathers and researches information about…

Q: eceivable, marketing principles such as the five C’s of Credit are employed. For companies operating…

A: Accounts receivable is the amount of money owed to a corporation for items or services given or used…

Q: how banks will have to adjust business continuity plan to deal with covid 19

A: Banks will have to adjust their business continuity plan (BCP) in a systematic and tangible manner…

Q: 1. Describe the importance of a credit score for financial planning.

A: Since multiple questions are asked , we will answer 1st question for you as per prescribed…

Q: How to compute net credit sales on a balance sheet

A: solution : How to compute net credit sales on a balance sheet? Net credit sales is the amount of…

Q: ence between yo

A: Introduction : In simple words, the ability of an individual to purchase a commodity with the intent…

Q: Effective credit management involves establishing credit standards for extending credit to…

A: Accounts receivable: When the seller sold the goods to the buyer on a credit basis of the specified…

Q: Explain what a credit score is. What are the three MOST IMPORTANT things I can do to increase my…

A: A credit score is a measure of an individual's ability to pay back the borrowed amount. It is the…

Q: An account will have a credit balance if the

A: Credit Balance of an Account: As the name implies, a debit entry indicates a transfer of money into…