Consider the "Five Cs of Credit." The category that considers your current income level and current borrowing level is
A) collateral.
B) capital.
C) capacity.
D) character.
E) none of the above.
Answer: C
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Credit approval policies are implemented by organizations primarily to accomplish which of the following objectives?
a. To determine revenue recognition policies. b. To ensure customer satisfaction. c. To prevent lapping by the accounts receivable department. d. To ensure the realization of receivables.
All of the following are good examples of dependent variables EXCEPT:
A) sales. B) consumers. C) profits. D) market shares. E) C and D
A magazine's ________ can be thought of as a measure of its ________
A) impact; reach B) reach; engagement C) circulation; efficiency D) circulation; reach E) efficiency; impact
Calculate an EBIT break-even between a debt firm (DF) and an all-equity firm (EF) based on the following information: DF interest = $60,000, DF number common shares = 5,000, EF number of common shares = 12,000, and tax rate = 40 percent
A) EBIT = $234,547 and EPS = 10.35 B) EBIT = $146,312 and EPS = $7.02 C) EBIT = $102,857 and EPS = $5.14 D) EBIT = $91,217 and EPS = $4.18