Answered: Part A Define a secured debt. Give two…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Collateralized Debt Obligations (CDO’s) are pools of__ a) all tranches of MBS b) the mezzanine and equity tranches of MBS c) senior tranches of MBS d) AAA tranches of MBS
32. This clause, typically found in a loan agreement, permits the holder to declare the entire amount of the loan due, in the event of a default by the borrower: -default clause -acceleration clause -HDC clause -none of the above
Explain FOUR (4) reasons that influence the changes which make debt security yields vary. Please giveexplanation in details with example.
A "mortgage" is a loan contract and is actually made up of which two contracts: O Index & Margin O Note & Deed Fixed & Adjustable O Amortized & Interest-Only
2. Help me selecting the right answer. Thank you
27. If a long-term bonds becomes callable due to the violation of a debt covenant Group of answer choices a. The debt may continue to be classified as long term if the entity believes the covenant can be renegotiated. b. The debt must be reclassified as current. c. Cash must be reserved to pay the debt. d. Retained earnings must be restricted in the amount of the debt.
Which of the following are characteristics of consumer closed credit (installment debt)? 1. generally the loan is larger than what is available with revolving credit 2. flexibility in the amount and timing of the debt repayment 3. the loan repayment is often fully amortized 4. the interest rate on a collateralized installment loan is typically lower than the interest rate on unsecured revolving credit 5. if the loan is paid before the grace period, then no interest applies 1 and 2 O 2, 4 and 5 O 1, 3 and 4 O 3 and 4
What is the increasing-rate debt in the exposure draft, Topic 470?
#45 A type of short-term loan where the borrower sells its accounts receivables to the lender at a discount to face value is called: a bond. a compensating balance. a letter of credit. an assignment. factoring.
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Explain the difference between debt to income (DTI) ratio and loan to value ratio (LTV). In addition, mention in which scenario the mortgage is likely to be insured, (a) High or low DTI ( b). High or low LTV.

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Part A Define a secured debt. Give two examples of secured debt. 15px Space used (includes formatting): 0 / 15000 Part B What is a bad debt? Give two examples.