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Instructor Blog - Credit College - Commercial Business

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  4. Credit College - Commercial Business

The Credit Write-Up Again (#8 in series)


  • admin

  • 11/15/2019 12:51:44 PM

  • 990

  • Credit College - Commercial Business
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Q1: Why isn’t Melvin Ho’s checking account for $12,00 included with liquid assets?

A: We assume he will use that amount very quickly to meet immediate living expenses. The $12,000 could be used up in a month, depending on his cash needs and lifestyle. The remaining liquid assets represent his source of cash available to him over a longer period of time, during which he will need to meet all living expenses and any debt obligations, at a minimum.

Course overview: The Credit Write-Up Again

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