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6. Approximately how much is Melissa Carter's annual debt service related only to her two residences and the short-term note (assuming that it will be paid in full within next 12 months?)

a)$54,000

b)$71,000

c)$84,000

d)$218,200

7)Which of the following statements best describes Melissa Carter's coverage position?

a)Melissa Cater's dependence on the continued successful operations of Carter Distributors, Inc diminishes the strength of of her coverage position. - WRONG ANS

b)Melissa Carter's coverage position is unusually strong; her significant investment in marketable securities more than offsets her current liabilities.

c) Melissa Carter's coverage position is barely adequate to meet total current liabilities, in the absence of regular income. - WRONG ANS.

d)Melissa Carter's coverage position in adequate to meet total current liabilities if her real estate investments and included.

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Font Paragraph Styles . Styes ess-US-Analyzing Per. Financial Statement-Postst Not Attempted Attempted Bookmarked Case Link Question (6) Directions: Click the Case Link above and use the information provided in the Melissa Carter case to answer this question: Approximately how much is Melissa Carter's annual debt service related only to her two residences and the short-term note (assuming that it will be paid in full within the next 12 months)? $54,000 $71,000 $84,000 $218,200 Mark for review Submit m/omegaperformance/servlet/ekp?action--1§ionIndex- 18idateStartTime-1549863438551&questionIndex-78submitToken -Sa4Se430cbo6019b3bdf91509d. s-US-Analyzing Per. Financial Statement-Posttst Not Attempted Attempted Bookmarked Case Link Question (7) Directions: Click the Case Link above and use the information provided in the Melissa Carter case to answer this question: Which of the following statements best describes Melissa Carter's coverage position? Melissa Carter's dependence on the continued successful operations of Carter Distributors, Inc. diminishes the strength of her coverage position. s coverage position is unusually strong; her significant investment in marketable securities more than offsets her current liabifities Melissa Carter's coverage position is barely adequate to meet total current liabilities, in the absence of regular income. Melissa Carter's coverage position is adequate to meet total current liabilities if her real estate investments and included. Mark for review 1:51 PM uPoWer hame: Melissa Carter Co-borrower name Address: 1110 Jackson Ave Address I (we) make the following statement of all my (our) assets and liabilities as of the 31st day of December 20Y3 and give other material information for the purpose of obtaining credit with you on notes and bills bearing my (our) signature, endorsement, or gu certify that this statement presents a true, complete, and correct statement of my (our) financial condition as of the date shown and does not omit a pertinent information. I (we) understand that alimony, child support, and separate maintenance need no considered as a basis for repaying the requested credit. I (we) understand that criminal offense under federal law rantee. I (we) hereby t be revealed, unless I (we) wish to have it misrepresenting information on this (or the attached) statement is a Instructions: Complete all schedules on pages 2 and 3, then enter any additional information on this page. Complete all blanks; enter 0, no, or none if appropriate. ASSETS LIABILITIES & NET WORTH Short-term and demand notes payable to banks and others (Sch. 10) Margin debt (Sch. 11) Cash on hand and in banks (Sch. 1) Government securities (guaranteed) Listed securities (Sch. 2) Unlisted securities (Sch. 3) Accounts and notes receivable (Sch. 4) TOTAL LIQUID ASSETS Residential real estate (Sch. 5) Non-residential real estate (Sch. 6) Cash value of life insurance Automobiles (Sch. 7) Household furnishings & personal property 65,000 40,000 750,000Unpaid taxes and interest due this year S 3,6000Other current liabilities (list below) $ 4,433,000 05000 Residential real estate mortgages (Sch. 5) 1,350,000 Non-residential real estate mortgages (Sch. 6) 860,655 to loans (Sch. 7) 24,000 Other loans and obligations (Sch. 12) S100,000 Credit cards (Sch. 13) Other (list): TOTAL LIABILITIES Other assets (Sch. 8 & 9) --S 200001 Retirement accounts (401(k), Keogh, IRA,-ete.) TOTAL ASSETS 6,612,000 NET WORTH 5,526,01 ANNUAL EXPENSES ANNUAL INCOME .MC.000.1113.CLSB-OLUS-En.doc 1 13 Ca TOTAL ASSETS Sll 6,612,000 NET WORTH 5,526,015 ANNUAL INCOME Salary Interest Dividends Residential real estate income (Sch. 5) Non-residential real estate income (Sch. 6) Other business income (Sch. 3 and 8) Other recurring income (Sch. 9) Non-recurring or variable income Commissions and bonuses Other: Capital gains, net of losses Other: TOTAL ANNUAL EXPENSES 400000 Mortgage payments, residential RE (Sch. 5) 1,250 Mortgage payments, non-residential RE (Sch. 6) 29,200 Other loan & credit card payments (Sch. 7, 10, 12, 13) s 70,752 52,590 Required partnership contributions 120000 Taxes: Income, real estate, etc. 36600 5,200 30,000 S335,000 Insurance premiums Living expenses, etc. Alimony, child support, separate maintenance Charitable contributions other contractual obligations (tuition, etc.) Other (attach list) 10,000 73,000 AL PERSONAL INFORMATION Business or occupation: Owner & President, Carter Distributors, Inc. Partner or officer in other venture(s) (List) Caffeine Connections, Inc. Name(s) and age(3) of dependents GENERAL INFORMATION Are any assets pledged? List. Homes, commercial real estate, auto, jew Are you defendant in any suits or legal action? Have you ever made a composition settlement? Have you taken bankruptcy? If yes, when? Are any assets held in trust? Yes No No Katie (11), Cliff (8) CONTINGENT LIABILITIES As endorser, co-maker, or guarantor? rcumstances and potential liability Guarantor for various loans to Carter Distributors, Inc. Enter Yes or No No Pending legal claims against you? Co-borrower's signature Borrower's signature SUPPLEMENTARY SCHEDULES 1-6 (Attach separate sheets if necessary) Melissa Carter 1, Assets: List cash on hand if significant, and all bank accounts Financial institutionType of accountiiliilll BalanceAndividual, Joint) Mid Town Bank Money market Ownership Interest income Mid Town BankChecking unt pledged To whom pledged $32,000 $33,000 S1,250 Sch. 2: Assets: Listed secu Face value (bonds) rities (other than guaranteed government securities) Description of security or Ownership (Individual, Joint) Income received ast year Present market or # of shares arious If pledged, amount and to managed by lue $750,000 va Schwab brokerage account $29,200 Sch. 3, Assets: Unlisted securities, ownership interest in private corporations Face value (bonds) Percent of Non-salary income ed last year Description of security Current value Basis for valuation Valued at 2 times sales for year just 1,000 Carter Distributors, Inc. 100% 53,470,000 5335,000 ended Valued at 2 times sales for year just ended 400 Caffeine Connections, Inc. 40% $130,000 Sch. 4, Assets: Notes receivable Name of debtor and relationship o applicant Amount owing Description of e of debt Description of When is payment Henry Carter, nephew e of debt $18,000 1 year Tuition loan 3-5 Sch. 5, Assets and liabilities: Residential real estate and mortgages payable Description of Annual income, net expenses, before c property and Current market value Balance of related nership % Annualized Years to maturity Primary residence, 100% Vacation home, 100% $350,000 $110,655 MidTown Bank 27 $11,604 $155,000 $61,475 Mid Town Bank $19872 Sch. 6, Assets and liabilities: Non-residential real estate and mortgages payable on of Annual income, net of expenses, before debt Current market Balance of related property and Land and building Distributors, 100% Annualized wnership % to leased to Carter $860,655 Metrobank 12 $1,350,000 70.752 5120,000 Melissa Carter Sch. 7, Liabilities: Autos and auto loans vehicle (year, model, 20Y1 Volvo C70 20YO Ford Explorer Current market value Balance of related Annualized make) Original cost debt yments Lienholder $30,000 543,000 $15,000 $9,000 8,200 SO Years to maturity 1.3 $7,590 First Credit Sch. 8, Assets and Income: Other business income (partnership distributions, capital withdrawals, etc.j exclude corporations) Business name and ownership Amount received e of your sharelast year Future annual income of income In tax return? Form or etc.) Sch. 9, Assets and Income: Other significant assets and recurring income (trust income, annuities, Income recelved Other asset or Current market Future annual inco of income in tax return? Forrm or to banks and others Sch. 10, Liabilities: Short-term notes payable liffany &Co. $40,000 1231/Y4 ewelry Sch. 12, Liabilities: Other loans and obligations Annualized payments Name of lenderOriginal amountPresent balance Maturity Sch. 13, Liabilities: Credit cards Annualized payments Paid in full Name of lender Capital One Visa American Express limit Present balance $20,000 Rate 54,000 $1,000 $5,000 No in place of cash

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