and they open up the opportunity for anyone to go to college. On the other side of the spectrum student loans are horrible plagues on society. The student loans can be bad in the cases of putting the person in extreme debt‚ ruining their credit if the person cannot pay‚ and even ruining the person’s mental health. Student loans are bad and good at
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domestic use should be credited to (a) Sales account (b) Proprietor’s personal expenses (c) Purchases account (d) Expenses account Q6. Rs.200 received from Smith whose account‚ was written off as a bad debt should be credited to: (a) Bad Debts Recovered account (b) Smith’s account (c) Cash account (d) Bad debts account Q7. When the balance as per Pass Book is the starting point‚ uncollected cheques are: (a) Added in the bank reconciliation statement (b) Subtracted in the bank reconciliation statement
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inment Group 1) Why is Marvel in financial distress? Bad luck? Bad strategy? Bad implementation? When possible‚ back your claims with numbers. There are several financial problems that compromise Marvel’s financial distress. Each problem can be explained by one or several reasons. • Overcollateral: The first financial problem of Marvel is that huge amount of shares are collateralized as its holding companies’ debts. These debts were secured by 77.3 million shares in total‚ accounting for 75
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entry required to recognize the bad debts expense for 2014 will act to: A. Increase total assets and retained earnings B. Decrease total assets and retained earnings C. Decrease total assets and increase net income D. Increase total assets and decrease net income 2. The following data concerns Wang Corporation for 2015: Credit sales during the year $1‚600‚000 Accounts Receivable—December 31‚ 2015 235‚000 Allowance for Doubtful Accounts—December 31‚ 2015 18‚000 Bad debt expense for the year 11‚000 What
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Q2 (b) There are number of methods that can be adopted to assess the credit-worthiness of a potential credit customer. Describe and comment upon two such methods that Fenton could adopt to help reduce the current level of bad debts. (5 marks) There are a number of ways in which Fenton Security Plc could ensure that customers are subjected to tighter credit appraisal checks before goods are supplied. The list below is indicative but not exhaustive‚ and includes significant more detail than
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Measures taken by Malaysian Government during the Asian Financial Crisis in 1997. There are numerous measures taken by the Malaysian Government during the Asian Financial Crisis in 1997. Nevertheless‚ in this paper‚ we only summarize the important and significant measures taken by the Malaysian Government. A more detail information will be revealed in the appendix added. Measures Taken by the Malaysian Government during the Asian Financial Crisis 1997: I). Fixed Exchange Rate Mechanism (Pegged
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property‚ sell it and use the proceeds to repay the secured debt owed by the company. The receiver borrowed $42‚000 from Westpac bank during his appointment; however‚ there were insufficient funds available from the secured assets realisation to completely pay the debt‚ so that a shortfall exists. The receiver argued that the Managing Director of Red Hot must pay the shortfall. Does the Managing Director of RedHot have to pay the debt? (c) The Scottish Co-operative Wholesale Society Ltd (Scottish
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1 Answers to exam January 15‚ 2012‚ Theory of Corporate Finance Question 1 a) v (investors are better positioned to manage systematic risk themselves) b) i‚ iii‚ iv‚ v c) v d) ii e) ii (diversification reduces risk‚ thereby shifting risk from creditors to owners) Question 2 ai) True. Closely held firms typically suffer less from agency problems‚ so don’t need the dividend constraints to the same extent. aii) True. If FDA were to approve the drug‚ the firm’ stock would rise in value and
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credit-‐card debt is open-‐ended and the student loan is closed-‐ended. 2. Analyze the debt payments-‐to-‐income ratios for Vikki and for Tim. Page 1 Debt Payments to Income Ratio Vikki’s Debt Payment-‐to Income Ratio = Monthly Debt Payment / Montly Take Home Pay = 250 / 2917 = 0.08570449 Tim’s Debt Payment-‐to-‐Income
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insurance payments‚ you can create an efficient payment plan to ensure your payments are made in good time to avoid negative credit reporting. If you have problems with payments‚ you can automate your monthly payments from your bank or get help from debt consolidating agencies. 5. Check your report to ensure clarity – You can easily improve your financial position and credit scores by searching thoroughly at your credit payment history for accuracy. The first point is requesting for a copy of your
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