A process of accepting or denying credit based on the lender's discretion rather than on a specific credit score model is known as subjective credit analysis
Basis of numerical analyses or on subjective judgment?Using past interactions with applicants who are similar to the borrower, judgment is used in the credit analysis to assess the borrower's application and determine credit approval. This method for determining approvals does not use any algorithms or empirical methods. Credit policy decisions are made more on the basis of numerical analyses or on subjective judgment. Smaller banks are the main users of subjective credit analysis. Smaller banks use judgmental credit analysis because it is more cost-effective for them to do so than it is for larger banks to develop credit scoring systems or hire a third party to establish credit scores. Large banks frequently have more automated credit processes because of the volume of applications they receive. The judgmental credit analysis is distinct in its methodology and is founded on conventional credit analysis standards, including payment history, bank references, age, and other factors. The credit issuer employs an overall credit score that is calculated by scoring and weighting certain factors.
The majority of people are more familiar with the idea of a credit score and most frequently link it with the FICO or the Fair Isaac Corporation, which developed the most widely used credit score model, even though judgmental credit analysis works well for smaller banks. Larger banks and lenders use a credit score methodology that gauges a consumer's creditworthiness using a statistical number. Lenders then use credit ratings to determine the likelihood that a borrower would pay back their loans.
Learn more about subjective judgment here
https://brainly.com/question/26948891
#SPJ4
In a troubled debt restructuring, the total fair value of the consideration given to discharge the obligation will __________ the recorded amount of the debt.
In a troubled debt restructuring, the total fair value of the consideration given to discharge the obligation will always be less than the recorded amount of the debt.
A liability is an obligation by one party, the debtor, to require payment of money or other agreed-upon value to another party, the creditor. An obligation is a deferred payment or series of payments, distinguished from an outright purchase. Debts may be owed by sovereign states or countries, local governments, corporations, or individuals. Commercial debt is generally subject to contractual terms regarding the amount and timing of principal and interest repayments[1]. Loans, bonds, bonds, and mortgages are all types of debt. In financial accounting, liabilities are a type of financial transaction rather than equity.
The term can also be used figuratively to cover moral obligations and other interactions that are not based on monetary value. A person who is helped is sometimes said to be "indebted" to a second person.
Learn more about debt here: https://brainly.com/question/24814852
#SPJ4
On January 1, Year 1, Raven Limo Service, Inc. paid $64,000 cash to purchase a limousine. The limo was expected to have a six year useful life and a $10,000 salvage value. On January 1, Year 5 the limo was sold for $30,000 cash. Assuming Raven uses straight-line depreciation, the Company would recognize a
Assuming Raven uses straight-line depreciation, the Company would recognize a $2,000 gain.
What is straight-line depreciation?The simplest way to determine depreciation over time is through straight-line depreciation. According to this strategy, an asset's value is reduced by the same amount for each year that it is in use.
Depreciation formula:(Depreciation expense per year = (Cost of the asset - Salvage value) ÷ Useful life.
The given data is -
The cost of asses is given as $64,000.
The salvage value is given as $10,000.
The sole price is $30,000.
Calculation for the depreciation-
Depreciation expense per year = ($64,000 Cost - $10,000 Salvage) ÷ (6 Year life)
Depreciation expense per year = $9,000
Accumulated depreciation on January 1, Year 5 = ($9,000 per year) × (4 years)
Accumulated depreciation on January 1, Year 5 = $36,000.
Book value = $64,000 Cost - $36,000 Accumulated depreciation
= $28,000
Gain on sale = $30,000 Sales price - $28,000 Book value
= $2,000)
Therefore, the gain on the scale is $2,000.
To know more about calculation for annual depreciation using the straight-line depreciation method, here
https://brainly.com/question/27971176
#SPJ4
c. Suppose that the market price for a bottle of vitamins is $1.74. At that price the total market quantity demanded is 317,100,000 bottles. How many firms will be in this industry
Suppose that the market price for a bottle of vitamins is $1.74. At that price the total market quantity demanded is 317,100,000 bottles. One firm will be in this industry
This is further explained below.
What is firm?Generally, A company that operates for the purpose of making a profit and is often structured as a partnership in order to carry out the provision of professional services, such as legal or accounting work, is referred to as a firm. The maximization of profits is the overarching goal of the business, according to the theory of the firm.
In conclusion, Let's say that the going rate for a bottle of vitamins in today's market is $1.74. At that pricing, the total amount of bottles that would be wanted on the market is 317,000,000. This sector will only have one company operating inside it.
Read more about the firm
https://brainly.com/question/19132323
#SPJ1
What might be the best corporate-level international strategy to pursue?
The transnational strategy is the best strategy.
While a global strategy may appear to be the ultimate goal, for many businesses, a transnational strategy that balances local responsiveness with global integration is the ideal option.
Transnational businesses have centralized operations in one country but extra international activities and assets. A transnational strategy establishes a brand's level of global integration and local response. Such a company attempts to strike a balance between the goal for efficiency and the necessity to adapt to local tastes in numerous locations.
Therefore, the best strategy is the transnational strategy that can be pursued.
To know more about transnational strategy click here:
https://brainly.com/question/15356725
#SPJ4
Which of the following health issues relates to both carbohydrate metabolism and the consumption of dairy products
The following health issues relates to both carbohydrate metabolism and the consumption of dairy products is option D. all of the above
What disease does dairy products cause?Milk and other dairy products are the top source of saturated fat in the American diet, contributing to heart disease, type 2 diabetes, and Alzheimer's disease. Studies have also linked dairy to an increased risk of breast, ovarian, and prostate cancers.
Therefore, the correct answer is option D. all of the above
The complete question goes thus:
Which of the following health issues relates to both carbohydrate metabolism and the consumption of dairy products
A. type 2 diabetes mellitus
B. heart disease
C. polycystic ovary syndrome
D. All of the above
learn more about dairy products: https://brainly.com/question/1431669
#SPJ1
When approaching a curve the best thing to do is:
When selecting an investment, which criterion relates to the expected rate of return on an investment, usually over a period of one year?
The measure of liquidity determines how fast you can withdraw the money you invested if you need it or desire it.
Liquidity and Return on investment
In the event of an emergency or other financial setback, you can access liquidity in the form of your emergency savings account or the cash you have on hand. Additionally, liquidity is crucial since it enables you to take advantage of chances. A common profitability statistic used to assess how well an investment has done is the Return on Investment (ROI). ROI aims to quantify the amount of return on a specific investment in relation to the cost of the investment.
Learn more about Liquidity and return on investment on
https://brainly.com/question/14430456
#SPJ4
What do inventory, distribution and stimulability results of an articulation evaluation tell a clinician?
Stimulability alludes to the child's capacity to deliver a right or improved creation of the blundered sound given an oral and visual demonstration. Stimulability evaluation is prescribed to be an essential piece of the clinical everyday practice. Stimulable sounds show availability for treatment and the degree to which a sound is stimulable is a key factor in target choice.
The articulatory portrayal is dependent on the way (how a sound is made) and place (where in the vocal tract a sound is made) of consonants, recurrence of the event, and run-of-the-mill time of dominance for the sound.
Dyslalia is characterized as a deficient explanation because of broken learning or variation from the norm of the outer discourse organs and not to sores of the focal or fringe sensory system.
The evaluation of stimulability gives significant prognostic data. In addition, those practices that are most effortlessly invigorated can give brilliant beginning stages to mediation. They regularly lead to intercession achievement faster than other, less stimulable practices.
Learn more about Stimulability here: https://brainly.com/question/26157848
#SPJ4
It is most accurate to say that successful niche marketing relies on a firm's ________ and its ________.
It is most accurate to say that successful niche marketing relies on a firm's Greater knowledge of customers need and its special reputation.
What is a marketing niche?A niche has to do with the particular brand or the particular trade that a person that is focused on buying and selling does.
This is to say that the person that is focused here would be successful if they know what their customers demand from them and the ways that they can carry out their activities for a greater reputation. The niche has the brand of the business.
Read more on business niche here: https://brainly.com/question/1519816
#SPJ1
Property taxes are a major source of revenue for: Multiple Choice state governments. local governments. the federal government. both local governments and school districts. school districts.
Property taxes comprise some of the highest revenue sources for local governments.
Where do local governments get revenue?Local governments are able to source the largest portion of their revenue from property taxes on people living in the area.
This then allows them to fund government activities such as running schools and providing road markings.
Find out more on government sources of revenue at https://brainly.com/question/10987276
#SPJ1
A city accepts the minimum of three bids on a construction project. The three bids are independently and uniformly distributed on the interval from 100,000 to 110,000. Find the expected value of the accepted bid.
The expected value of the accepted bid is
u = 105,000 This is further explained below.
What is the expected value of the accepted bid.?Generally, the equation for the Mean is mathematically given as
u= Expected valve
u=b+a/2
Therefore
u=110,000+100,000/2
u = 105,000
In conclusion, the expected value of the accepted bid.
u = 105,000
Read more about expected value
https://brainly.com/question/13945225
#SPJ1
Does the firm generate enough internal funds to support anticipated investment, or does additional outside capital need to be raised?.
Statement of cash flows - does the firm generate enough internal funds to support anticipated investment or does additional outside capital need to be raised?
A Cash Flow Statement is what?A cash flow statement is a type of financial statement that gives total information about all of the cash inflows a business makes from continuing activities and outside investment sources. It also includes any cash outflows made within a specific time period to cover investments and business expenses.
The financial statements of a firm give investors and analysts a picture of all the business transactions that take place, where each transaction helps the company succeed. Because it tracks the cash generated by the business in three key ways—through operations, investments, and financing—the cash flow statement is seen to be the most understandable of all the financial statements. These three elements are added together to form net cash flow.
Learn more about financial statements with the help of the given link:
brainly.com/question/14506917
#SPJ4
China is currently a socialist economic system. In view of china's explosive growth in supplying goods to the world do you see china becoming more of a market economic system. Why/why not?
China is currently a socialist economic system. In view of china's explosive growth in supplying goods to the world China is becoming more of a market economic system.
Generally China is defined as a mixed economy market. But it is a planned economy with most of the characteristics of the market economic system under the trend of the globalization.
For example: China government planned to focus on electric cars and thus the same china did and for the cars which were produced in China and sold in China only were provided with the government subsidy.
However China government also plans for those things which it does not want to see in the market such as stopping corporations inside trade on stocks.
To know more about market economic system here:
https://brainly.com/question/13340111
#SPJ4
Which two meta solutions enable businesses to communicate privately and instantly with customers?
The two meta solutions that enable people to communicate easily are
Face.bookWhat.sappWhat is meta?This is the term that is used to refer to the social media networks that are known by Mark Zuckerberg.
These are the solutions that are known to solve the issues of communication between friends and families over great distances.
These solutions help to make relationships better. They do this by helping to keep communications open and alive.
Read more on social media here: https://brainly.com/question/13909780
#SPJ1
Which step in the process of identifying a sustainable competitive advantage involves evaluating the competitiveness of unique resources and capabilities
Resource and Capability Analysis is the process of identifying a sustainable competitive advantage that involves evaluating the competitiveness of unique resources and capabilities.
What exactly do resources and capabilities mean?Resources and capabilities are the main drivers of profitability for every business and the sources of competitive advantage. A company's ability to compete and move the business forward with its products and offers for the needs of customers is empowered by its resources and capabilities.
In business, resources and organizational competencies are crucial. They are comprehensible as:
A) There are several types of resources:
1. Physical
2. Irreducible
3. Personnel Resources
B) Organizational capabilities: These include organizational culture, processes, and routines. Finding key skills or capabilities can help determine what adds the most value to the client and which market groups to pursue. A company must evaluate which assets and skills are most critical to granting the company a long-term competitive advantage.
Learn more about resource and capability with the help of the given link:
brainly.com/question/26512527?referrer=searchResults
#SPJ4
When the value of loans begins to drop, the net worth of financial institutions falls causing them to cut back on lending in a process called:
The correct option is a) deleveraging.
When the value of loans begins to drop, the net worth of financial institutions falls causing them to cut back on lending in a process called deleveraging.
What is Deleveraging?Deleveraging is the process by which a business or person tries to reduce their overall financial leverage. Deleveraging, then, is the elimination of debt and the polar opposite of leverage. Paying up any outstanding debts and commitments on an entity's balance sheet right away is the quickest way to deleverage.
The following strategies can be used by a business to reduce its debt:
By offering assets, bonds, and a portion of the firm for less, a company can reduce its debt.It can refinance existing debt to lower interest rates and monthly payments.By spending extra cash from business operations, it can reduce its debt.A publicly traded firm can reduce its debt by issuing more stock.FormulaDeleveraging's effects can be assessed using financial ratios including return on assets, debt-to-equity, and return on equity.
Return on Assets (ROA) = Net Income / Average Assets
Debt-to-Equity Ratio = Total Debt / Total Equity
Return on Equity (ROE) = Net Income / Total Equity
Example:
Company A uses $3 million in equity and $7 million in debt to purchase a $10 million asset. The net income for the year is $600,000.
ROA is 600,000/10,000,000, or 6%.
Debt-to-equity ratio: 2.3x (7,000,000/3,000,000).
ROE is equal to 600,000/3,000,000, or 20%.
Assume that at the end of the year, Company A decided to pay $5,000,000 of liabilities using $5,000,000 of assets. The corporation now has $5,000,000 in assets and $2,000,000 in debt
ROA:
600,000,000/5,000,000=12%
Debt-to-equity ratio: 0.6x (2,000,000/3,000,000).
ROE is equal to 600,000/3,000,000, or 20%.
Investors and lenders will favor scenario 2 over scenario 1 since scenario 2 involves less leverage and the company reports more attractive ratios.
Learn more about Deleveraging and troubled Asset here:
brainly.com/question/24448358
#SPJ4
Answer the question on the assumption that the legal reserve ratio is 20 percent. suppose that the fed sells $500 of government securities to commercial banks (paid for out of commercial bank reserves) and buys $500 of securities from individuals, who deposit the cash in checking accounts. as a result of the given transactions, the supply of money in the economy will
The sale and purchase of government securities by the Fed would leave reserves unchanged.
What is the effect of the purchase and sale of government securities?
The Fed is the Central Bank of the United States. One of the duties of the Fed is to conduct monetary policies. Monetary polices are used to affect the level of money supply in the economy.
One of the monetary policy tools of the Fed is open market operation. When the Fed sells government securities, it is known as an open market sales which reduce money supply. When the Fed buys government securities, it is known as an open market purchase which increases money supply.
Reserve ratio is the percentage of deposits that is required of commercial banks to keep as reserves. Reserve ratio is determined by the Fed.
Change in reserve = ( value of government securities bought / reserve ratio) - (value of government securities sold / reserve ratio)
($500 / 0.2) - (500 / 0.2) = 0
To learn more about reserve ratio, please check: brainly.com/question/6831267
#SPJ1
A cash payment made by a firm to its owners when some of the firm's assets are sold off is called a: regular cash dividend. special dividend. liquidating dividend. share repurchase.
(a). A cash payment made by a firm to its owners when some of the firm's assets are sold off is called a: Liquidating dividend
What is a dividend?
A dividend is a payment made to shareholders in exchange for their investment in a company. Dividends can be distributed in a variety of ways, including cash payments or additional stock..
More about Liquidating dividend:
A liquidating dividend is a dividend paid by a company during its liquidation process. Liquidation is the process by which a company ceases operations and exits the market. Voluntary or involuntary liquidation (forced). A liquidating dividend is also known as a liquidating distribution or a terminal distribution, as it involves the distribution of semi-liquid and liquid assets among the shareholders of the company. When the operators of a business believe they can no longer sustain operations, they wind down the business and return the assets of the business to shareholders via dividend payments.
Learn more about dividend here:
https://brainly.com/question/2960815
#SPJ4
If the Accounts Receivable balance is $10 million less than the balance at the beginning of the year, then on the statement of cash flows (indirect method) $10 million should be ______. Multiple choice question. subtracted from investing activities added to investing activities added to net income subtracted from net income
$10 million should be added to net income.
What is Accounting?Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collection organizations as part of the accounting process. A company's operations, financial condition, and cash flows are summarized in the financial statements that are used in accounting. They provide a succinct summary of financial transactions across an accounting period. One of the most important aspects of practically every firm is accounting. Small businesses may have a bookkeeper or accountant manage it, whereas larger corporations may have vast finance departments with many people. Management can make wise business decisions thanks to the information produced by many streams of accounting, including cost accounting and managerial accounting.Know more about Accounting with the help of the given link:
https://brainly.com/question/13310721
#SPJ4
The par value of common stock must always be equal to its market value on the date the stock is issued.
TRUE, the par value of the common stock must always be equal to its market value on the date the stock is issued
The par value of the common stock must always equal the market price on the date the stock was issued. The issuance of common stock affects both paid-in capital and retained earnings. If the preferred stock has a par value of $50 and the dividend is estimated at 8%, the dividend per share will be $4.
Par value is the value of one share of common stock as set forth in the company's articles of incorporation. It usually has nothing to do with the actual value of the stock. In reality it is often lower. Share certificates issued against the shares purchased show the par value. When approving shares, the company can choose whether to assign a par value.
Learn more about par value here:https://brainly.com/question/25765493
#SPJ4
A growing need in the workplace is for ____ care, which provides emergency day care for children or dependent adults so that the employee does not need to lose a day of work.
A growing need in the workplace is for workplace daycare and , which provides emergency day care for children or dependent adults so that the employee does not need to lose a day of work.
Workplace daycare is generally a facility over the site that provides child-care services for employees' children. The facility is limited by age only. The services of workplace daycare are usually available at a fee that is subsidized by the employer, or any other companies which may offer this benefit for free.
When we talk about off-site care providers, these programs must be licensed, insured as well as staffed with trained teachers and assistants, and they must provide a safe environment for groups of children.
To know more about workplace daycare here:
https://brainly.com/question/14619275
#SPJ4
After years of selling in the consumer market, Dave accepted a job as a salesperson for a firm that markets its products in the B2B market. As he considers his new responsibilities, it's likely that he will
Dave accepted a position as a salesperson for a company that markets its products in the B2B sector after years of selling to consumers. He'll probably discover the following when he thinks about his new responsibilities: industrial clients typically need more individualized attention than clients in the consumer sector.
What is the consumer market?
When people buy goods or services for their consumption rather than to resell them, such market is known as the consumer market. Consumer markets are generally made up of goods that individuals use daily.
What is B2B marketing?
Businesses that use B2B marketing concentrate on promoting their products or services to other businesses. B2B enterprises sometimes function in this way because they offer goods that are in high demand among other businesses alone.
Do consumers prefer personalization?
More than 76% of consumers claimed that receiving tailored messages was a significant motivator for them to consider a brand, and 78% claimed that such information increased their likelihood of making a second purchase.
Learn more about Marketing: https://brainly.com/question/13414268
#SPJ4
An employee concerned primarily with the seniority system, insurance plan, and retirement policy is motivated by:
An employee concerned primarily with the seniority system, insurance plan, and retirement policy is motivated by security needs.
A retirement policy is designed to help you manage your retirement and live a stress-free life. One such type is a retirement plan that helps you grow your money and provide a steady income for life.Such plans help secure retirement money while you are still working. increase.
A retirement benefit is a monetary or another incentive that a person collects after the termination of employment. Develop a payout plan while you are employed and collect a portion of your salary and contributions from your employer on a regular basis until retirement.
Learn more about retirement policy here:https://brainly.com/question/18864292
#SPJ4
The entry made at the end of the accounting period to record wages incurred but unpaid is:________
The entry made at the end of the accounting period to record wages incurred but unpaid is Accrued expenses, An expense that is recorded on the books before it has been paid is referred to as an accumulated expense, also known as accrued liabilities.
The accounting period in which the expense is incurred is used to record it. Accrued expenses are listed as current liabilities on a company's balance sheet since they represent a company's obligation to make future cash payments. An estimated expense may not match the supplier's invoice, which will arrive at a later time.
According to the accrual method of accounting, costs are recorded as incurred rather than as paid when they are actually incurred.
To learn more about Accrued expenses, click here
https://brainly.com/question/17190057
#SPJ4
No resubmission to Desktop Underwriter (DU) is required if the amount of verified reserves is ____ of the amount required to be verified.
No resubmission to Desktop Underwriter (DU) is required if the amount of verified reserves is 90% of the amount required to be verified. This is further explained below.
What is Desktop Underwriter (DU)?Generally, An automated mortgage underwriting system called Desktop Underwriter determines if a loan satisfies the criteria for approval.
In conclusion, If the amount of verified reserves is equal to or more than 90 percent of the amount that is needed to be verified, a resubmission to Desktop Underwriter (DU) is not necessary.
Read more about Desktop Underwriter (DU)
https://brainly.com/question/3639519
#SPJ1
Alternative dispute resolution (ADR) refers to _______ methods by which disputes are resolved outside of the court system.
What value do businesses using the tbl bring to society, and how might society be impacted if tbl were not a common business practice?
Profit, people and planet are the values do businesses using the TBL bring to society.
Especially in today's marketplace, companies that focus on social and environmental responsibility can also boost that more traditional metric: profit. "Using the TBL framework opens up many chances to increase revenues, decrease costs and build loyalty," Horowitz said.
The triple bottom line is a framework for change that businesses and other organizations can use to assist them transition to a more sustainable and regenerative future. The triple bottom line includes tools that assist in measuring, benchmarking, setting goals, enhancing, and finally evolving toward more sustainable systems and models.
The TBL "captures the essence of sustainability by quantifying an organization's influence on the world, including its profitability and shareholder values, as well as its social, human, and environmental capital.
Learn more about triple bottom line here
https://brainly.com/question/17386608
#SPJ4
____ refer to the variety of systems in place to record the details of a company's financial transactions (such as payments and purchases).
Accounting systems refer to the variety of systems in place to record the details of a company's financial transactions (such as payments and purchases).
financial normally refers to money topics or transactions of any length or importance. The main purpose of finance are financial planning, decision and control, resource allocation, etc
Cash, stocks, bonds, mutual funds, and bank deposits are examples of financial assets. The three main types of finance are:
PersonalCorporatePublic/governmentlearn more about financial here
https://brainly.com/question/989344
#SPJ4
If an entrepreneur needs help with valuation, they should ______. turn to online sites like BizBuySell and BizQuest rely on the knowledge provided to them by their bank seek out the advice of trusted friends follow their own instinct
If an entrepreneur needs help with valuation, they should turn to online sites like BizBuySell and BizQuest.
How can sites like BigBuySell help entrepreneurs?This type of website aims to help entrepreneurs with new business ideas, management tools, and gather opportunities to buy, sell and promote a business.
To be a successful entrepreneur, it is necessary for the individual to have knowledge of the market and the inherent risks, which can be positive, such as opportunities for business expansion, or negative, such as accumulated debt.
Some characteristics of successful and competitive entrepreneurs in the market are:
PlannersCommunication skillsMarket viewInnovationTherefore, persistence and planning is essential when starting a new business, generating creative and innovative solutions that meet the wants and needs of potential consumers.
Find out more about entrepreneurship here:
https://brainly.com/question/18294953
#SPJ1
Sources of financing for corporations include ______. (Check all that apply.) Multiple select question. issuing stock borrowing collecting accounts receivable fixed asset retirements
Sources of financing for corporations include issuing stock and borrowing.
How would you define financing?
The process of raising capital or finances for any type of spending is known as finance. It is the act of directing various financial resources—such as credit, loans, and invested capital—to those parts of the economy that need them most or can use them most effectively.
Family and friends, equity providers, debt providers, and institutional investors are the four types of frequent funding sources employed in developing countries.
Any economic system that makes use of financing is essential because it enables businesses to buy goods that are out of their immediate price range. To put it another way, financing is a means to use the time value of money (TVM) to employ anticipated future cash flows for projects.
To know more about financing refer to: https://brainly.com/question/15455243
#SPJ4