The following are the financial information about Max for the year 2021: RM 100 180 Items Monthly PTPTN payment Monthly telephone bill Monthly health insurance premiums Tax to government agency unpaid Income working part time accrued Monthly petrol and utilities Motor insurance premium Monthly rent payment Car loan installments overdue Monthly salary (Max) Household furnishing Car loan installments Cash Income working part time PTPTN loan balance Car loan balance Current value of car Savings account 350 370 520 900 1,100 1,200 2,400 4,500 6,000 6,500 7,700 9,500 13,000 18,350 37,500 48,900 a) Prepare a balance sheet as at 31st December 2021 and hence find the net worth.

Q: Define the term loan cash flow?

A: Statement of cash flow: It refers to a financial statement that shows all the cash payments and…

Q: An example of an expense classifi cation by function is: B . interest expense

A: An example of an expense classification by function is

Q: DEFINE credit policy

A: Credit policy is the set of policies governing a company’s credit sales, outstanding amounts;…

Q: Define Interest receivable.

A: Introduction: Interest Receivable is an amount which has been earned by the person but the same has…

Q: How can we use special financial functions to determine the total interest?

A: Financial functions have made financial calculations easy using excel, they make you calculate the…

Q: Explain the other sources of credit

A: The term credit can be defined as the agreement between two parties involving a borrower and a…

Q: (d) Based on (c), what will be the ending balance in AFDA? What is net realizable value of A/R?

A: Accounts Receivables - Accounts Receivables are the amount unpaid by the customer for the service…

Q: explain two functions of the credit uniom

A: A credit union is established as a not-for-profit organization (NPO). It consists of members who…

Q: lain 5C analysis for loan proc

A: Loans are a type of credit vehicle in which a sum of cash is lent to this other party in return for…

Q: LTV O LTV = Loan÷DCR %3D O LTV = Loan÷Debt Service

A: In finance LTV refers to loan to value ratio. It is an important metric that is looked at in case of…

Q: What would the credit terms of “2/10, n/EOM” mean?

A:

Q: What items are listed on a loan document

A: There are various kinds of loans that an individual can take from a bank or a financial institution.…

Q: What is the loan cash flow?

A: Answer: A cash flow loan is nothing but a form of debt finance in which bank lends money usually for…

Q: Example scenarios of commodity money, fiat money, representative money, fiduciary money and…

A: One of the important tools, in order to buy and sell the goods and services in the market, is known…

Q: Define  debt investment.

A: Debt Investment: Debt Investment considered as Lending money on loan to the issuing entity. The main…

Q: Credit scoring is the:

A: Credit scoring: It is a statistical analysis done by financial institutions and lenders to decide a…

Q: How do you accrue and calculate interest

A: interest calculation = principle amount * rate of interest    accrued interest is interest…

Q: What does financing activities includes?

A: Cash Flow Statement:   It is a financial statement prepared by a company to report their cash…

Q: What does the annuity factor indicate?

A: Annuity factor It indicates the discounted factor’s sum for all the n maturities when all n…

Q: Explain the lending methodology

A: Loaning (otherwise called "financing") happens when somebody permits someone else to get something.…

Q: What is Repayment cash flow?

A: Cash flows play a significant role in companies. It helps companies to identify the liquidity…

Q: Define discount percentage (credit)

A: The discount rate is the amount paid on debit and credit card payments to a dealer for payment…

Q: What does "2/10" mean, with respect to "credit terms of 2/10, n/30"

A: Credit terms are those terms which provides the parameters of payment by the customers for the…

Q: how do you calulate interest income and interest expense

A: Interest Income : It is the total amount earned by an individual or an entity during a specific time…

Q: re direct and indirect forms of financing.

A: Direct financing is no intermediaries involved and indirect financing is not direct but through…

Q: What are the financing borrowing activities?

A: The statement of cash flows is the statement which shows the change in the cash and cash equivalents…

Q: What’s financial instrument

A: Financial instruments can be broadly divided into: a. cash instruments b. derivatives instruments

Q: What are the Classifications of Annuity.

A: An Annuity is a periodic payment which are made from time to time from a lump sum corpus.

Q: What are the 5 C’s of credit?

A: The 5 C's of credit is used by rhe lender to measure the credit worthiness of potential borrowers.