SOURCES OF FINANCE There are various sources available to meet short term needs of finance. The different sources are discussed below: 7.1 Trade Credit: It represents credit granted by suppliers of goods‚ etc.‚ as an incident of sale. The usual duration of such credit is 15 to 90 days. It generates automatically in the course of business and is common to almost all business operations. It can be in the form of an ’open account’ or ’bills payable’. Trade credit is preferred as a source of finance because
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Organization of Department of Education ▪ Office of the Secretary ▪ Administrative Services ▪ Financial and Management Service ▪ Human Resource Development Service ▪ Planning Service ▪ Technical Service ▪ Bureau of Elementary Education ▪ Bureau of Secondary Education ▪ Bureau of Non-Formal Education ▪ Bureau of Physical Education & School Sports ▪ National Educational Testing
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P9-4A Wall Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year end. Number of Days Outstanding Total 0-30 31-60 61-90 91-120 Over 120 Accounts receivable $375‚000 $220‚000 $90‚000 $40‚000 $10‚000 $15‚000 % uncollectible 1% 4% 5% 8% 10% Calculate the total estimated bad debts based on the above information. Total Accounts receivable % uncollectible Estimated bad debts $375‚000 0-30 $220‚000 1% 31-60
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Version A Fin 536 Quiz 4 Solutions Name_______________ Section_4pm/7pm Use the following table of swap quotes when you need it. Years 1 2 3 4 5 Euro Bid 2.99 3.08 3.24 3.44 3.63 Ask 3.02 3.12 3.28 3.48 3.67 Swiss franc Bid Ask 1.43 1.47 1.68 1.76 1.93 2.01 2.15 2.23 2.35 2.43 U. S. dollar Bid Ask 5.24 5.26 5.43 5.46 5.56 5.59 5.71 5.74 5.79 5.83 Japanese yen Bid Ask 0.23 0.26 0.36 0.39 0.56 0.59 0.82 0.85 1.15 1.18 1. （Fill out the answers， 7 pts） a. (Motivation of Interest
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Q2a) Pak Mat signed an agreement to transfer his apartment to his daughter‚ Aminah as a gift for her 21st birthday. Aminah did not pay any money to her father for the transfer of the apartment. This agreement was later registered at the land office. Section 26 provides that as a general rule‚ an agreement without consideration is void unless it is registered under the law (if applicable) and expressed in writing as well as is made on account of natural love and affection between partiers standing
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Question 1 When you retire 40 years from now‚ you want to have $1.2 million. You think you can earn an average of 12 percent on your investment. To meet your goal‚ you are trying to decide whether to deposit lump sum today‚ or to wait and deposit a lump sum 2 years from today. How much more will you have to deposit as a lump sum if you wait for 2 years before making the deposit? A)$1414.14 B)$2319.47 C)$2891.11 D)$3280.78 E)$3406.78 Question 2 Samantha opened a savings account this morning
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FINANCIAL SERVICES Course Code: BBAFN 30501 Credit Units: 04 Course Objective: The aim of the course is to orient the student to the recent changes in the financial institutions and financial services industry and their link to economic development. The financial institutions and services are changing rapidly. A course that merely describes the existing institutions and services will not prepare you for the change. Thus you must familiarize yourself with the services available in the
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This report analyzes the trends in the Australian dollar against the Norwegian krone‚ and attempts to forecast the exchange rate at December 11‚ 2012 of the Australian dollar/Norwegian krone. We show you how each economy and each countries balance of payments effects the exchange rate fluctuations. We calculate different forecasts using the naïve model‚ parity conditions method‚ and technical analysis method. After taking into consideration all of the research and facts presented in this report‚
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Chapter 5 Exchange Rate Systems QUESTIONS 3. What is likely to be the most credible exchange rate system? Answer: Among fixed exchange rate systems‚ a monetary union with a common currency is likely the most credible exchange rate system. 8. How can a central bank peg the value of its currency relative to another currency? Answer: To peg the value of its currency to another currency‚ the government must make a market in the two currencies. If there is excess supply of the foreign currency
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Economic Policy Paper on Access to Finance for SMEs: Problems and Remedies Prepared under The DCCI-CIPE‚ ERRA Project (CIPE is an affiliate of the U. S. Chamber of Commerce‚ Washington‚ DC‚ USA) The Dhaka Chamber of Commerce and Industry (DCCI) 65-66‚ Motijheel Commercial Area‚ Dhaka-1000 2003 1 Economic Policy Paper on Access to Finance for SMEs: Problems and Remedies Prepared by : Dr. A.K. Enamul Haque and Mr. Sakib Mahmud Subject Matter Specialists Publishers The
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