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Montano1993 [528]
2 years ago
10

jennifer persuades bank of america to loan money to hre friend by orally agreeing to gurantee the loan, in exchange the friend p

romises to give her 50% ownership in the company that she establishes with the loan
Business
1 answer:
Elden [556K]2 years ago
4 0

$500 Balance Assist - Bank of America customers can now borrow up to $500 (in increments of $100) for a $5 flat fee, regardless of the amount advanced to their account, thanks to this new short-term, low-cost loan.

<h3>Persuades bank of America to loan money?</h3>

Collateral Promise to Pay Another's Debt - In order to be enforceable, debt surety or guarantee arrangements must be in writing. These documents serve as evidence of a pledge to pay back a loan.

  • This includes scenarios in which business owners guarantee their company's debts.
  • Jennifer persuades bank of America to loan money to her friend by orally agreeing to guarantee the loan, in exchange the friend promises to give her 50% ownership in the company that she establishes with the loan Sales of products valued at $500 or more are covered by the UCC's rules. Any contract for the sale of goods for $500 or more must be in writing in order to be enforceable under the UCC. Any such agreement may only be modified in writing.
  • Generally speaking, the person being enforced upon must sign the agreement. A handwritten agreement or a mark, seal, stamp, or electronic signature can all be considered signatures. Even though it is not signed by the other merchant, a confirmation of the contract made by one merchant that is accepted by the other merchant will be considered sufficient between merchants.

Learn more about bank of America and loan money here:

brainly.com/question/27282615

#SPJ4

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Companies raise capital in two main ways ___________.
choli [55]

Answer:

Two important ways are debt and equity

Explanation:

Companies has two ways in which they could raise the capital is debt which is an amount borrowed by one party from another and it is borrowed under a condition that is to be paid back at date which is decided along with the interest and equity is called as the shareholder equity which the amount that would be returned to the shareholders of the company if all the assets are liquidated.

7 0
3 years ago
Sole Purpose Shoe Company is owned and operated by Sarah Charles. The company manufactures casual shoes, with manufacturing faci
IgorLugansk [536]

Answer:

1. The reason Sarah might want to use standard costs to compare with her actual costs is:

a. Management can evaluate the differences between standard costs and actual costs to focus on correcting the cost variances.

2. Drawbacks of using Standard Costs are:

c. Standards limit operating improvements because employees may be discouraged from improving beyond the standards.

d. Employees may focus only on efficiency improvement and their own operations rather than considering the larger objectives of the organization.

e. Standards may become "stale" in a dynamic manufacturing environment.

Explanation:

Standard costs encourage the pursuit of management goals.  They are the costs that should be under a particular type of circumstances.  They are usually compared with actual costs to determine their differences or variances.  Their use helps management to focus on how to improve overall performance.

5 0
3 years ago
There is a large transportation network in order to get from the point of manufacture to the point of sale
daser333 [38]

Answer:

True

Explanation:

It is TRUE that there is an extensive transportation network to get from the point of manufacture to the end of the sale.

After the product is manufactured in the factory, it will go through or bought by different wholesalers who will have to sell to a group of retailers, all in various places, before being sold to final consumers.

In most cases, there is usually a long list of retailers before the goods reached the final consumers. This movement of goods between all the stakeholders involved can go through various locations, states, or regions before it finally gets consumed.

Hence, in this case, the correct answer is "TRUE."

8 0
3 years ago
The gross rent multiplier is used as a guideline for estimating value based on ___.
dusya [7]

Answer:

The correct answer is letter "D": the relationship of the sales price of the gross monthly income.

Explanation:

The Gross Rent Multiplier (GRM) is a calculation which result gives an idea of the value of a rental property. It is the relationship between the price of a real estate investment and its annual (sometimes calculated monthly) rent before computing expenses such as <em>taxes, insurance, </em>and <em>utilities</em>.

6 0
3 years ago
Suppose the following information was taken from the 2022 financial statements of FedEx Corporation, a major global transportati
Rzqust [24]

Answer:

(1) (i) 9.16 times

(ii) 39.845 days

(2) Yes

Explanation:

1. Net credit sales = 35,497

Average net receivables = (3,391 + 4,359) ÷ 2

                                          = 3,875

So,

Receivables turnover ratio = Sales revenue (2022) ÷ Average net receivables

                                             = 35,497 ÷ 3,875

                                             = 9.16 times

However I don't know how they got the net receivables figure, because:

Gross receivable - ADA = net receivable,

but it doesn't work out like this above, so since the net receivable is given, I just used it as given.

Average collection period = 365 days ÷ Receivables turnover

                                            = 365 ÷ 9.16

                                            = 39.845 days

2. In order for something to be "material" it must be important.

Accounts Receivable are part of current assets and they are very important, so the answer is yes.

6 0
3 years ago
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