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Suppose that you are putting together a loan application to purchase a home. Based on your income and assets, you qualify for a mortgage loan, but just barely. How would you address each of the following situations in reporting your financial position for the loan application? In your post address each of these different situations and IF and HOW you should disclose them to your mortgage lender:
a. You signed a guarantee for a bank loan that a friend took out for $20,000. If your friend doesn't pay, you will have to pay. Your friend has made all of the payments so far, and it appears he will be able to pay in the future.
The unit contribution margin is computed by subtracting the units cost of licensing and patent fees and direct labor and materials from the selling price.
Finished goods inventory at the end of 2013 was 10,000 units. On average, 25 percent of the futons to be sold in the next month are produced and kept as ending Fantastic Futons manufactures futons. How many futons are budgeted to be produced in Janua..
From the given information prepare the investments section of the statement of cash flows
abc organization unadjusted trial balance as of 31 december 2012account codes dr cr cash 10789furniture and fixtures
questionin the 2012 year bale company sold equipment with a book value of 90000 for proceeds of 104000. the company
The round-trip tickets will be sold for $200 each and the airline intends to reimburse Ruben for any unsold ticket packages. Fixed costs include $10,000 in advertising costs. What is contribution margin per ticket?
Use the information in RE3 7,
The accounting records of Dolphin Company revealed the following information: Dolphin's cost of goods sold is:
Calculation of unit sales volume where income equals costs - Evaluate the company's breakeven point, i.e., at what unit sales volume would income equal costs?
Beta needs 10,000 units of a component used in producing one of its products. The latest internal accounting reports show that the per unit manufacturing cost to be $150.00, based on the 10,000 unit production. The manufacturing cost per component br..
wrecker computing sells merchandise for 5000 cash on september 30 cost of merchandise is 2900. the sales tax law
What is the shareholder's debt basis at January 1,3012?
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