Debt factoring Study guides, Revision notes & Summaries

Finance Short term and long term: - Short term objectives are typically liquidity and solvency. - Long term objectives are profitability, efficiency and growth. Internal sources of finance: - Internal- means within the business. - Retained- means profits that are kept. Retained profits are the profits that a business kept and reinvested back into the business (they are not distributed to shareholders). Advantages: - Doesn’t increase debt levels- because you’re using money you’ve a...

LTP Math Exam Questions with Correct Answers A provisional broker is contacted to list a property where the seller desires to net $100,000 from the sale of the property. The current mortgage balance is $175,000, commission of 6%, deed prep of $125 and other seller closing costs of $1,000. The closing attorney fee was $800. What must the property sell for in order for the seller to cover all expenses and net the desired amount, rounded to the nearest dollar? - Answer-Add seller's known expense...

3.1 Sources of Financewhich of the following is the most suitable reason for using personal finance? -insufficient internal sources of finance -insufficient external sources of finance -there is not interest obligation -to please the owners (shareholders) of a company - correct answer there is no interest obligation which of the following is not a feasible source of finance for an ordinary partnership? -secured bank loans -sale and leaseback -debt factoring -initial public offer...

HUD Housing Exam Questions and Answers 100% Pass Which document should the counselor review with the client to identify spending habits and track expenses: - Correct Answer ️️ -Bank statement Which additional information would the housing counselor need to prepare a household budget for this client? - Correct Answer ️️ -Net income Which item in the client's budget is a fixed expense? - Correct Answer ️️ -Car lease payment What is the maximum percent of area medium income allo...

HUD Housing Counselor Certification Practice Questions and Answers 100% Pass What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? 50% Which is the maximum recommended housing ratio for renting an apartment? 30% Eligibility requirements for down-payment assistance programs include which factors? Income, home-buyer education, purchase price The client is considering an FHA mortgage. What is the upfront mortgage insurance premium (...

3.1 Sources of Finance Question and answers already passed 2023/2024which of the following is the most suitable reason for using personal finance? -insufficient internal sources of finance -insufficient external sources of finance -there is not interest obligation -to please the owners (shareholders) of a company - correct answer there is no interest obligation which of the following is not a feasible source of finance for an ordinary partnership? -secured bank loans -sale and lease...

Hud 2024 Updated Exam Q&A A client, who is a divorced local school teacher, is interested in purchasing his first home. He wishes to stay in the same neighborhood where he now lives and to purchase a home in the low-$100,000 range. He currently leases a car for $435 a month and would like to buy a new car. The client has a lease on an apartment with his college friend. Their monthly rent on the apartment, which they split evenly, is $1,100. He has been working as a teacher for five ye...

HUD Housing Counselor Certification Practice Exam |Question and Answer| 100% Correct What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? *Ans* 50% Which is the maximum recommended housing ratio for renting an apartment? *Ans* 30% Eligibility requirements for down-payment assistance programs include which factors? *Ans* Income, home-buyer education, purchase price The client is considering an FHA mortgage. What is the...

HUD Housing Counselor Certification Practice (HUD Knowledge Assessment) Questions And Answers Already Graded A+ What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? 50% Which is the maximum recommended housing ratio for renting an apartment? 30% Eligibility requirements for down-payment assistance programs include which factors? Income, home-buyer education, purchase price The client is considering an FHA mortgage. What is ...

Which document should the counselor review with the client to identify spending habits and track expenses: - Answer Bank statement Which additional information would the housing counselor need to prepare a household budget for this client? - Answer Net income Which item in the client's budget is a fixed expense? - Answer Car lease payment What is the maximum percent of area medium income allowable for a household to qualify for a Housing Choice Voucher? - Answer 50% Which is the max...