A funding component is O the total funding required for a specified decision point O a long-term source of capital O a collateral agreement, such as pledging an asset as security for a mortgage bond O an ancillary requirement on a loan that affects its risk, such as a restrictive covenant

Explain Collateralized mortgage obligations (CMOs)?

Which current liability represent a free source of financing?

Windswept, Inc.2017 Income Statement($ in millions) Net sales $ 11,000   Cost of goods sold   8,200   Depreciation   395   Earnings before interest and taxes $ 2,405   Interest paid   110   Taxable income $ 2,295   Taxes   689   Net income $ 1,606        Windswept, Inc.2016 and 2017 Balance Sheets($ in millions)     2016     2017       2016     2017   Cash $ 420   $ 445   Accounts payable $ 2,060   $ 2,005   Accounts rec.   1,210     1,110   Long-term debt   1,120     1,580   Inventory   1,980     1,820   Common stock   3,460     3,190   Total $ 3,610   $ 3,375   Retained earnings   700     950   Net fixed assets   3,730     4,350                 Total assets $ 7,340   $ 7,725   Total liab. & equity $ 7,340   $ 7,725      What were the total dividends paid for 2017?

Negotiable instruments of ownership or debt such as stocks and bonds are examples of a. securities. b. debentures. c. portfolios. d. collateral.

Debt service funds are used to account for which of the following?     Multiple Choice   Payment of only interest on general long-term debt.   Payment of only principal on general long-term debt.   Payment of principal and interest on general long-term debt.

Define each of the following terms:d. Call provision; redeemable bond; sinking fund