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Q. Credit Reference Agencies and Credit Scoring ?
A several organisations example Dun & Bradstreet and Standard & Poor provide credit scores and ratings for companies. These may perhaps take the form of a simple rating from AAA to CCC or a more detailed report.
If Fenton Security already has broad sales records it may be likely to utilize those records to compile a credit scoring system. Credit scoring works by specifying the characteristics known to be related with good/bad debts and allocating customers a score based on their particular characteristic profile. Credit scoring is usually used in retailing when determining the credit limits to be granted to personal customers but the same principles can readily be applied to commercial customers.
Assume that prices and wages adjust rapidly so that the markets for labor, goods, and assets are always in equilibrium. What are the effects of each of the following on real money
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Mr. Wong currently running a small manufacturing business. The Trial Balance of the business at 31 March 2011 is as follows:
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a company recorded for the past year a sales of 500,000 and an operating incme of 40,000. What is the turnover needed to earn in order to achieve an ROI of 20%
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