Account Antics
Typically refers to physical currency in the form of coins and banknotes that is used as a medium of exchange for goods and services.
Cash
Commercial document issued by a seller to a buyer, indicating the products or services provided, the quantities, prices, terms of sale, and other relevant transaction details.
Sales Invoice
Include the loan amount, interest rate, and the loan's purpose—whether for business expansion, purchasing equipment, etc. Lenders also consider external factors such as the current state of the economy, market trends, and regulations that could impact the borrower's financial stability.
Conditions
Lenders look at credit history, employment history, and references. Factors such as consistency in job occupation and timely payments on previous loans play a significant role. Credit scores, particularly, are a key metric used to gauge___________.
Character
Refers to the use of borrowed funds to increase the potential return on an investment
Leverage
ACH stands for
Automated Clearing House
Financial metrics that assess a company's use of debt to finance its operations and investments.
Leverage Ratios
This ratio evaluates a company's ability to cover all fixed charges, including interest expenses and lease payments, with its earnings before interest, taxes, depreciation, and amortization (IBITDA).
Fixed Charge Ratio
Give at least five (5) forms of accepted payment
Cash, Check Credit and Debit Card Online Payment Wire Payment Crypto
It involves the exchange of goods, services, and capital across international borders or territories. It plays a crucial role in the global economy, facilitating economic growth, increasing market efficiency, and promoting innovation.
Foreign Trade
Also known as a documentary credit, is a financial instrument used in international trade transactions to provide payment security between a buyer and a seller. It is issued by a bank on behalf of its client (the buyer) and guarantees that the seller will receive payment once the terms and conditions of the trade agreement are met.
LOC
A department within an organization is responsible for managing the extension of credit to customers and ensuring the collection of payments owed to the company.
Credit and Collection or Accounts Receivable
Gives you the right to file a judgment without having to take further legal action.
Confession Judgement
Refers to a financing arrangement commonly used in industries such as automotive, marine, recreational vehicle, and construction equipment where dealers need to maintain inventory for sale to customers. (Complete Answer!)
Floor Planning Inventory
Formula for Fixed Charge Coverage Ratio
(EBITDA + Lease Payment) / (Interest Expense + Lease Payment)
This ratio assesses the proportion of a company’s capital structure that is financed by debt. It includes both short-term and long-term debt in the numerator.
Debt-to-Capital Ratio
Foreign trade enables businesses to access larger markets beyond their domestic borders. This presents opportunities for companies to increase sales, expand their customer base, and grow their market share.
Responsible for managing and processing outgoing payments owed by the company to its suppliers, vendors, and other creditors
Accounts Payable Department
If you have sales representatives in the area, you can ask them to conduct site visits and provide information about the business location.
Out-of-State Credit
Engaging in foreign trade allows businesses to diversify their revenue streams by tapping into multiple markets with varying economic conditions and consumer preferences.
Diversification
Compute for Interest Converge Ratio:
Assume a company, ABC Corporation in the Philippines, has the following financial data:
• Operating Income: PHP 5,000,000
• Interest Expenses: PHP 1,000,000
Interest Coverage Ratio=Operating Income / Interest Expenses
Answer: 5
An Interest Coverage Ratio of 5 means that ABC Corporation's operating income is five times larger than its interest expenses.
The result of boosting exports, increasing investment, and generating employment opportunities
Economic Growth and Job Creation
International trade allows countries to import goods and services that may be cheaper or of higher quality than those produced domestically. This can lead to ____________ for businesses and consumers, contributing to increased affordability and higher living standards.
Cost Savings
Give at least five (5) Benefits of Foreign Trade
Market Expansion, Economic Growth and Jo Creation Technology & Innovation, Diversification Employment Opportunities, Cost Savings Cultural Exchange and Diplomacy Enhanced Competitiveness
In your paper, illustrate the SOA details. (Make an example of SOA template) The complete details the better!!
- Company Name, Address, Invoice Date, Invoice Number, PO Number, Invoice Amount, Due Invoices