Name : Christabella age : 34 years old Saving :256,600 Job : Global Banking Manager   Less  debt obligations Don’t have  missing out on payments   Monthly Income: 30,000 Currently has 3 loans: Personal Loan (1,000), Housing Loan (2,500), and Car Loan (500) Assets : land(300,000), condominium(500,000) car(60,000) have car license  Now you are bank officer , Your customer need to apply an car loan you are required to : Make an credit worthinessof credit of Christabella’s car loan  (you can add on the information that given to evaluate 5cs of credit of Christabella’s car loan    ) explain why cristabella car loan accepted or rejected

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

 

    • Name : Christabella

      age : 34 years old

      Saving :256,600

      Job : Global Banking Manager

    •  

      Less  debt obligations

      Don’t have  missing out on payments

    •  

      Monthly Income: 30,000

      Currently has 3 loans: Personal Loan (1,000), Housing Loan (2,500), and Car Loan (500)

      Assets : land(300,000), condominium(500,000) car(60,000)

      have car license 

      Now you are bank officer , Your customer need to apply an car loan

      you are required to :

      • Make an credit worthinessof credit of Christabella’s car loan  (you can add on the information that given to evaluate 5cs of credit of Christabella’s car loan    )
      • explain why cristabella car loan accepted or rejected   
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education