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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 were involved in an auto accident in which you were at fault. There is the possibility that you may have to pay as much as $50,000 as part of a settlement. The issue will not be resolved before the bank processes your mortgage request.
View the 2013 Annual Report for the Ford Motor Company, a Fortune 50 company, linked here as well as on the Course Information page. What was the gross profit for 2013? For 2012? How much interest expense was incurred in 2013? In 2012? What were the ..
Selected accounts and account balances from the trial balance and adjusted trial balance are as follows:
Andre's retires in 5 years. He would have to purchase equipment costing $400,000 to equip a building and invest an additional $150,000 for inventories. Different buildings have a annual net cash inflow of about $160,000. Anders would close the buildi..
Calculate the internal growth rate and sustainable growth rate for S&S Air. What do these numbers mean and calculate the ratios for S&S Air that are shown for the industry.
Using the Wall Street Journal or Barron’s, find the bond yields for Treasury securities with the following maturities: three months, six months, one year, three years, five years, 10 years, 15 years, and 20 years. Briefly discuss the general shape of..
Argos Corp. has 9 percent coupon bonds making annual payments with a YTM of 7.81 percent. The current yield on these bonds is 8.42 percent. How many years do these bonds have left until they mature?
What was the average selling price of each share of common stock and How many shares of stock are outstanding, What amount should be reported for stockholders' equity
Dollar-Value LIFO retail - On January 1, 2011, The Granma Hat Company adopted the dollar-value LIFO retail method.
Leverage of Options- How can financial institutions with stock portfolios use stock options when they expect stock prices to rise substantially but do not yet have sufficient funds to purchase more stock?
For 2011, cost of goods sold was $5,400,000 for Gentry and $1,200,000 for Gaspard Farms. What was consolidated cost of goods sold for 2011?
write a paper of no more than 1000 words responding to the questions below format the paper and presentation consistent
What are the ethical and accounting ramifications of incorrectly capitalizing an item? Find a recent example of this practice in the news and summarize your findings.
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