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Why are lease payments included in numerator of fixed charge coverage ratio?
Wiki User
∙ 11y ago
because lease payment is deducted as expenses in profit and loss statement. So while calculating this ratio again we have to add it to earnings before interest and tax
Wiki User
∙ 11y ago
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Can creditors classify an account as a charge-off because it was included in a chapter 7 bankruptcy?
Yes and no. If an account was already charged-off before the bankruptcy, it can be reported as a charge-off. By law, the creditors must charge-off accounts included in bankruptcy, BUT they can not REPORT that charge-off if it happens AFTER the bankuptcy. Negative reporting on discharged debts is a violation of the permanent injunction of the discharge.
Can a creditor report late payments after they charge-off I have a supposed 3-year gym membership from '00 that was charged off in '02. Yet they reported 30 90 Days late from 05 to 08. Can they?
If it was included in your bankruptcy they should not be showing it as late. White them a letter explaining the problem and give a copy to the credit bureau.
What does write-off mean on a credit report?
A write off means a charge off. This is one a creditor closes an account due to non payments.
How do you remove charge offs from a credit report?
Charge-offs remain on your credit report for 7 years. If the account has been included in a bankruptcy, it should be marked as such...."included in bankruptcy". However, according to the Fair Credit Reporting Act, if you dispute the charge-off with the credit bureau and the creditor can not verify the account, it must be removed from your credit report immediately. Only the original creditor or the credit bureaus can remove a charge off, either through negotiations or through the dispute process.
How do offshore merchant accounts work?
"Offshore merchant account is basically set up to enable a commercial business that accept credit card payments online. This businesses require the services of an offshore merchant account provider that would accept this payments on their behalf and then send in payments into their local bank account, also be aware that this merchants charge heavily for their services."
If a firm has both interest expense and lease payments would times interest earned be smaller than fixed charge coverage?
times interest earned be smaller than fixed charge coverage
If the car does not get register can the bank repo the car?
No. Full coverage insurance must be in existance, or they will put it on, and charge you. Current payments, are the only thing they care about. To them, it is just property.
Are there any fee to cancel auto insurance in California?
Some companies may charge you for early cancellation, it's best to just stop making the payments and secure coverage for when it runs out.
What advantage does the fixed charge coverage ratio offer over simply using times interest earned?
The fixed charge coverage ratio measures the firm's ability to meet all fixed obligations rather than interest payments alone, on the assumption that failure to meet any financial obligation will endanger the position of the firm
Can insurance companies charge for other structures even if there are none?
Most likely you have a package policy. These package policies tend to have additional structures coverage already included.
Will pay pal charge you for their services?
Paypal do not charge you for sending money but they do charge you when you receive payments.
What is payment for insurance?
Payment of insurance is nothing but the premium paid towards the insurance policy. The premium amount includes the charge of coverage per unit (for example, the charge of coverage for $1000 might be $10. So, to have an insurance coverage for $10,000 the charge of coverage would be $100) plus the expenses incurred by the insurance company for the policy.
Can medicaid deny you for prescription drug coverage for minor possession charge?
Yes medicaid can deny you for prescripition drug coverage if you have had a minor possesion charge this is because it is a falony charge and they are thinking you will try and sell them.
Can the loan company for your vehicle charge you for insurance?
Yes. If you are making payments to a car lender, you are generally REQUIRED to insure the vehicle. If at any point they discover that you are NOT insuring the vehicle, they have every right to force coverage as they have a financial interest in that car.
What charge is not included on a monthly water bill?
initiation charge
Who is in charge of approving all payments made by the state?
Auditor
Why do contractors have a down each year for general liability insurance?
Most policies are for a term of one year. Insurance companies require down payments due to the fact so many contractors cancel their policies soon after they get their coverage certificates. This means they charge down payments to make sure they get enough premium to offset the cost of generating the policy.
