Under which of the six Cs of credit discussed in this chapter does each of the following pieces of information belong? CH 16. Bank Management & Financial Services 9th Edition.
a. First National Bank discovers there is already a lien against the fixed assets of one of its customers asking for a loan
b. Xron Corporation has asked for a type of loan its lender normally refuses to make.
c. John Selman has an excellent credit rating.
d. Smithe Manufacturing Company has achieved higher earnings each year for the past six years.
e. Consumers Savings Association's auto loan officer asks a prospective customer, Harold Ikels, for his driver's license.
f. Merchants Center National Bank is concerned about extending a loan for another year to Corrin Motors because a recession is predicted in the economy.
g. Wes Velman needs an immediate cash loan and has gotten his brother, Charles, to volunteer to cosign the note should the loan be approved.
h. ABC Finance Company checks out Mary Earl's estimate of her monthly take-home pay with Mary's employer, Bryan Sims Doors and Windows.
i. Hillsoro Bank and Trust would like to make a loan to Pen-Tab Oil and Gas Company but fears a long-term decline in oil and gas prices.
j. First State Bank of Jackson seeks the opinion of an expert on the economic outlook in Mexico before granting a loan to a Mexican manufacturer of auto parts.
k. The history of Membres Manufacture and Distributing Company indicates the firm has been through several recent changes of ownership and there has been a substantial shift in its principal suppliers and customers in recent years.
l. Home and Office Savings Bank has decided to review the insurance coverages maintained by its borrowing customer, Plainsman Wholesale Distributors.
The Management Functions Brian found that if he was to motivate his employees and be a better he needed to involve his employees in the Choose... decision making The decision to expand the business into painting, which was a different business, required in order to accomplish the goals of Choose... + that business. As 1-800-GOT JUNK became successful, Brian realized that he needed a different model in order to finance his growth. To do so he started to franchise the business and thereby share the risks with his franchisees. How could he franchise the business and thereby Choose... share the risks with his franchisees. Since 1-800-GOT JUNK has expanded across the country and entered foreign markets as well this will require Brian to spend more time on the Choose... + road communicating and his employees, such that they stay focused on the tasks at hand. Since 1-800-GOT-JUNK required drivers, all of whom were new and needed his guidance, this required Brian to his Choose... + employees to accomplish the goals he had established for his business. When Brian Scudamore started his business he needed to his resources so that he could undertake the tasks at hand. Choose... Brian was in effect when he began to franchise the business because he was changing its structure, Choose... # When Brian Scudamore decided to start a business hauling away the junk that people no longer wanted, he was beginning to Choose... for his business. Sometimes mistakes are made in a business, and especially with new ventures; the key is to identify what needs to be fixed early to minimize Choose... # errors if they occur, allowing a manager to better their business. Once Brian had assigned everyone their jobs he still had to check to make sure that things were being done according to his instructions. In Choose... doing so he was undertaking some of the business.IE 3373: Homework #2 1. John is driving down on University Avenue. There are three traffic lights that he has to go past to get to his apartment. Assume that each traffic light is green for 20 seconds and red for 40 seconds, Find: a) The probability that he will encounter none, one, two or all lights in green? Use Binomial Distribution 2. The billing department of a major credit card company attempts to control errors (clerical, data transition, tec.) on customer's bills. Suppose that errors occur according to a Poisson distribution with 1=0.01 a) What is the probability that a customer's bill selected at random will contain one error? 3. Patients arriving at an outpatient clinic are routinely screened for high blood pressure. Assume that this condition occurs in 20% of the population. a) What is the probability that the fourth patient of the day has high blood pressure? b) What is the average number of patients that must be seen to find the first patient with high blood pressure? Use Geometric Distribution(Ehrenfest's chain) Suppose we have two boxes with total N balls inside. At each step of the Markov chain, one of the balls is chosen at random uniformly and moved from its current box to the other one. Let X\" be the number of balls in the first box at time n. Then the transition matrix defining the Markov chain is Nn, ify=w+1; mN PC1319): W ify=x1; 0, otherwise. Show that the unique stationary distribution arr for this chain is a binomial distribution with parameters N and 1/2, that is, N 1 7r(x)=($)2N, form=0,1,...,N. Problem 2.4 Consider the Ehrenfest chain with a total of (1 molecules, so that S = {0,1, , :1}. Note that the transition probabilities are d 190.1 = 1; Pdld = 1; and for 0
