A Numerical Credit Scoring System May Rate All of the Following

question 33

Multiple Choice

A numerical credit scoring system may rate all of the following EXCEPT:

• A)D & B credit rating
• B)location of the business
• C)financial characteristics of the applicant
• D)current ratio of the applicant

---

Definitions:

Inventory On September 30

The stock of goods a company has available for sale or used in production as recorded on September 30th.

Inventory Cost Flow Assumptions

Accounting methods assumed about how costs flow through inventory; basic types include FIFO, LIFO, and weighted average.

Financial Statements

Documented records that outline the financial activities and conditions of a business, including the balance sheet, income statement, and cash flow statement.

Perpetual Inventory System

A perpetual inventory system is an accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.