Jon Bryant, a newly hired loan analyst, is examining the current liabilities of a corporate loan applicant.
Question:
Jon Bryant, a newly hired loan analyst, is examining the current liabilities of a corporate loan applicant. He observes that unearned revenues have declined in the current year compared to the prior year. Is this a positive indicator about the client’s liquidity? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (17 reviews)
Unearned revenue is a liability that arises from current sales but for which some future services o...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
Question Posted:
Students also viewed these Accounting questions
-
Leon Wight, a newly hired loan analyst, is examining the current liabilities of a corporate loan applicant. He observes that unearned revenues have declined in the current year compared to the prior...
-
Leong Hock, a newly hired loan analyst, is examining the current liabilities of a company loan applicant. He observes that unearned revenues have declined in the current year compared to the prior...
-
The current liabilities of WestJet Airlines include the advance ticket sales account. The companys recent annual reports show the following trend in the balance of this account over a three- year...
-
Assume you have just been hired as a business manager of PizzaPalace, a regional pizza restaurant chain. The companys EBIT was $120 million last year and is not expected to grow. PizzaPalace is in...
-
At the start of 2018, the New Orleans Fine Food Company budgeted before-tax income as follows: Actual before tax income for 2018 was: Required Florence Roden, the owner of the company, is pleased...
-
Exercise 2.25 gave results for the number of times a week a person reads a daily newspaper for a sample of 36 students at the University of Georgia. The frequency table is shown below. a. Construct a...
-
A small distillation column with a partial reboiler, a total condenser, and a liquid-liquid separator is separating \(100.0 \mathrm{kmol} / \mathrm{h}\) of saturated liquid feed that is \(19.0...
-
The Medal Plus Company manufactures medals for winners of athletic events and other contests. Its manufacturing plant has the capacity to produce 12,000 medals each month. Current production and...
-
Ryan Enterprises forecasts the free cash flows (in millions) shown below. Assume the firm has zero non-operating assets. The weighted average cost of capital is 13.0%, and the FCFs are expected to...
-
The Carrollton Buffet offers an all-you-can-eat buffet meal for $30 per person. The restaurant employs ten salaried employees. Rent for the building, employee salaries, and other fixed costs for the...
-
How are current liabilities related by definition to current assets? How are current liabilities related to a companys operating cycle?
-
How is present value related to the concept of a liability?
-
Convert each quantity to a quantity expressed either in meters or in meters raised to some power: (a) 4.5 in., (b) 3.2 acres, (c) \(32 \mathrm{mi}\), (d) 3.0 pints.
-
Which subtotals appear on a multi-step income statement but not on a singlestep income statement? a. Net sales and Cost of goods sold b. Operating expenses and Net income c. Cost of good sold and Net...
-
Identify the documents and records that provide a basis of authorization and control in the four functions that culminate in transferring completed production to finished goods.
-
Which account in question 6 would DeFilippo close at the end of the year? a. Cost of Goods Sold b. Accounts Receivable c. Accounts Payable d. Inventory
-
We have all made decisions using information that was not timely, high quality, complete, or relevantwe are human, after all. Reflect on a decision your team made with poor information. What was the...
-
How would you make the decision on what player to pick if you had the number 1 NFL draft pick? The 2011 NFL draft posed quite a dilemma for Ron Rivera, the new coach for Carolina. Option 1: Was...
-
Derive the pde for the dimensionless mean enstrophy \(\left\langle e^{2} ightangle\) defined by (3.16) in homogeneous turbulence for an incompressible Newtonian fluid with constant viscosity...
-
In your readings, there were many examples given for nurturing close family relationships in this ever-evolving technological society we live in Based upon your readings and research describe three...
-
True or False In control break logic, the program performs some ongoing task (such as processing the items in a file), but permanently stops the task when a control variable reaches a specific value...
-
Explain why an adjustment must be made for depreciation to compute cash flows from operating activities if the indirect presentation approach is used.
-
Why might the direct method of presenting cash flows from operating activities be preferable to the indirect method? Which presentation approach dominates current practice?
-
Give three examples of significant non- cash transactions. Are these items included in the SCF?
-
Line Item Amount ($) 1. Estimated Revenues To be determined 2. Estimated Expenses 119,108.03 3. Itemized Direct Costs 77,108.03 (Training Material: 10,000, Salary/Wages: 62,108.03, Venue Rental:...
-
2) The risk free rate of interest is 3.0%. Inflation is expected to be 3.0% this year, 2.8% next year 2.5% the following year and 2.3% in each of the following years. Assume the liquidity premium is...
-
A company has 7 1 0 million shares trading at $ 5 5 per share and $ 6 9 billion in debt outstanding ( with a market value of $ 6 5 billion ) , on which it incurred an interest expense of $ 5 billion...
Study smarter with the SolutionInn App