solution
solution.
What are the major sources that lenders can use for repayment of business loans:
The borrowers net worthThe borrowers retained earningsThe borrowers goodwillThe borrowers cash flowThe borrowers assets pledged as collateralWhich of the following ratios that banks can use to examine the borrower’s liquidity?
Current assets/current liabilitiesCurrent assets/total assetsCost of goods sold/net salesIncome before interest and taxes/interest paymentCosts of goods sold/inventoryTo make provision for bad debts, which of the following journal entries is correct?
Debit the profit and loss, and credit the bad debt accountDebit the project and loss account, and credit provision on the bad debt accountDebt the provision account and credit the bad debt accountDebt the provision and credit the account of the individual customers.
The borrowers net worthThe borrowers retained earningsThe borrowers goodwillThe borrowers cash flowThe borrowers assets pledged as collateralWhich of the following ratios that banks can use to examine the borrower’s liquidity?
Current assets/current liabilitiesCurrent assets/total assetsCost of goods sold/net salesIncome before interest and taxes/interest paymentCosts of goods sold/inventoryTo make provision for bad debts, which of the following journal entries is correct?
Debit the profit and loss, and credit the bad debt accountDebit the project and loss account, and credit provision on the bad debt accountDebt the provision account and credit the bad debt accountDebt the provision and credit the account of the individual customers.
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