Cash, cash advances, personal loans, credit card advances, borrowed funds, etc. are not acceptable sources of funds. All money must come from your personal accounts unless it's coming in the form of an acceptable Gift.
Sourced means that the funds used can be traced back to their source – whether they are funds from your normal income source, like a job, a gift from a family member, or a withdrawal from an investment account like a 401k or IRA.
A wire, cashier's check, or a certified check is considered good funds. A wire is considered good funds because the funds are wired from your bank directly to our bank via the Federal Reserve and are immediately available. Another example of good funds would be a cashier's check.
Which of the following is NOT an acceptable reason to use comps outside of the subject property neighborhood? The sales prices in the subject neighborhood seem too low. Which one of the following income types does NOT have to have a defined expiration date?
Examples of sources of funds include personal savings, pension releases, share sales and dividends, property sales, gambling winnings, inheritances and gifts, compensation from legal rulings.
Sources of funding include credit, venture capital, donations, grants, savings, subsidies, and taxes.
Summary. The main sources of funding are retained earnings, debt capital, and equity capital. Companies use retained earnings from business operations to expand or distribute dividends to their shareholders. Businesses raise funds by borrowing debt privately from a bank or by going public (issuing debt securities).
These assets include any cash you have on hand, the money in all of your checking or savings accounts, money market accounts, certificates of deposit (CDs) and more. In other words, any money you have in accounts that could be pulled out as cash should be listed.
Question 3 – Can gift funds be used for reserves? Yes, gift funds on eligible transactions can be used for all or part of the down payment, closing costs, or financial reserve requirements (subject to the minimum borrower contributions based on property and occupancy type).
Because a 401(k) account is your personal investment, most lenders will allow you to use these assets as proof of reserves.
What Are the 3 Sources of Capital? Most businesses distinguish between working capital, equity capital, and debt capital, although they overlap. Working capital is the money needed to meet the day-to-day operation of the business and pay its obligations in a timely manner.
A sources and uses of funds statement is a summary of a firm's changes in financial position from one period to another. It is also called a flow of funds statement or a statement of changes in financial position.
Answer and Explanation: Correct Answer: Option d. Treasury stock.
Solution(By Examveda Team)
Issue of equity shares is not use for medium term financing. Financing is the process of providing funds for business activities, making purchases or investing.
Solution(By Examveda Team)
Commercial papers is not a source of long-term finance. Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities.
Debenture is like a debt which is a source of fund not the application of fund.
The correct option is Depreciation.
Acceptable Appraisal means an appraisal commissioned by and addressed to the Agent (reasonably acceptable to the Agent as to form, assumptions, substance, and appraisal date), prepared by a qualified professional appraiser reasonably acceptable to the Agent, and complying in all material respects with the requirements ...
Which of the following is not a goal of a real estate appraiser? To determine the marketability of a property. Ross, a newly licensed residential real estate appraiser, is on his way to appraise his very first piece of property.
What will fail a VA appraisal? If a home fails to meet the VA's Minimum Property Requirements (MPRs), the home will fail the VA appraisal. MPRs ensure the home is move-in ready so veterans won't face a long list of expensive repairs after closing on the home.