Discuss the factors that are used in determining credit scoring in the FICO model
What will be an ideal response?
Answer: A) paying your bills on time over the past seven years; B) the amount of credit used each month; C) length of relationship with creditors; D) number of recent credit inquiries
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A realized gain or loss on the sale of an available-for-sale debt security is determined by comparing
A) the amortized cost of the security with the proceeds from the sale. B) the original cost of the security with the proceeds from the sale. C) the market value at the latest balance sheet date with the proceeds from the sale. D) the original cost with the security's carrying value.
Auditors need to choose materiality amounts carefully because once a materiality judgment has been made, it cannot be revised
a. True b. False Indicate whether the statement is true or false
On April 1, Snell Company made a $50,000 sale giving the customer terms of 3/10, n/30. The receivable was collected from the customer on April 8. How does the collection of cash from the customer affect the company's financial statements? Assets=Liab.+Stk.EquityRev.-Exp.=Net Inc.Stmt ofCash FlowsA.(1,500)=NA+(1,500)(1,500)-NA=(1,500)48,500 OAB.(1,500)=NA+(1,500)(1,500)-NA=(1,500)NAC.(1,500)=NA+(1,500)NA-(1,500)=5001,500 OAD.48,500=NA+48,50048,500-NA=48,50048,500 OA
A. Option A B. Option B C. Option C D. Option D
What is a reason why firms engage in international M&As?
a) Geographic expansion b) Leverage competencies c) Executive arrogance d) All of the above