You have been hired as a consultant to Freedom Inc. a consumer-focused financial institution intending to enter the market. Critically analyse what factors you shall consider in advising Freedom Inc. on how it should set its lending interest rates, accounts commissions, fees & charges.
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You have been hired as a consultant to Freedom Inc. a consumer-focused financial institution intending to enter the market. Critically analyse what factors you shall consider in advising Freedom Inc. on how it should set its lending interest rates, accounts commissions, fees & charges.
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- Please help with explaining how I can answer the following if I chose the role of an investor: choose the role of an investor, creditor, taxpayer, or benefactor of one of the organizations they have presented. Referring to the information provided by your classmates related to the informational needs of the user group you have chosen, state whether the objectives of financial reporting they have listed meet your needs, whether any additional information is needed by your user group, and why this information would be beneficial to the financial decisions you would need to make. Are there any additional objectives that should be listed for your user group, if so what are they? How do your needs differ from the other user groups? The information is below: For both our initial discussion and my final project, GEB will be the nonprofit (NFP) organization I study along with Peekskill, NY as the local government. Both are in neighboring towns to my home base. Home Depot will be the…TRY TO DISCOVER! Five Keys of Loan Applications (Williams, Mark, 2019) What do you think are banks, lending institution and financing companies look for when reviewing a loan application of prospective client borrower? The most fundamental characteristics most prospective lenders will concentrate on include: 1. Credit history 2. Cash flow history and projections for the business 3. Collateral available to secure the loan 4. Character 5. Myriad pieces of loan documentation that includes business and personal financial statements, income tax returns, a business plan and that essentially sums up and provides evidence for the first four items listed.Which statement best describes the role of a credit agency? OIt tracks the use of credit for lenders. It predicts future earning potential for lenders. OIt teaches how to make smart financial decisions. OIt shows how saving money makes financial sense.
- Who will be a user of financial statements, and what will they be used for? Question 17 options: Lenders will use financial statements to decide whether to invest in a company. Investors will use financial statements to decide whether to lend money to a company. The marketing department is interested in the operating income figures in the financial statements. Managers will use financial statements to make decisions about their company.When a company decides to extend credit to consumers, it is making an investment decision in: a. Trade Credit b. Accounts Receivables c. Inventories d. Marketable SecuritiesQUESTION ONE (1) You have been hired as a consultant to Freedom Inc. a consumer-focused financial institution intending to enter the Ghanaian market. Critically analyse what factors you shall consider in advising Freedom Inc. on how it should set its lending interest rates, accounts commissions, fees & charges.
- include and explain any other ratios in your analysis table which will assist in strengthening your position for application for applying for loan from a bankWhat can an investor do to better understand details and accounting choices the company has made in preparing their financial statements? a. contact investor relationsb. read the auditor’s reportc. read brokerage reportsd. read the footnotesselect a “start-up” company in an industry of your choice and provide a brief summary description of the start-up company you chose and the goods or services it provides. 1. As a start-up company, identify three Credit Risks the company currently faces today or could face in the future. Explain in detail why these risks are a threat to the company. 2. What advice would you give to the CEO of the company to prevent or minimize these credit risks?
- A bank is considering implementing a business rules management system for assessing the riskand creditworthiness of individuals as part of the loan approval process.• List and explain 3 benefits of such a system?• List 2 potential legal or ethical issues that might arise in the use of such a systemAssume that Ruby Associates is in the process of applying financing facility from MyBank. For that purpose, MyBank requires RA to submit the company’s financial statements to be reviewed by the bank. i. Why MyBank request the financial statements? Give TWO (2) reasons ii. Identify and explain the relevant information from the financial statements the important for MyBank in making decision.You have been employed as a business analyst for Kingdom Bank. Your main duties andresponsibilities will include analysing banking transactions, reviewing credit and loan applications,suggesting repayments and interest rates on clients’ accounts and ensuring compliance with thebanking regulations. Q.4 Which method do youthink you will need to be competent as the Business Analyst for Kingdom Bankand why?