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2 years ago

Which type of financing source performs the most strict, rigorous review of business records before guaranteeing financing?

2 answers:

7 0

The correct option is BANKS.
Banks normally perform strict review of business records and transactions before they grant loans to companies, some even require that the loan applicants bring collateral against the money they want to borrow, so that if they fail to pay back, the bank will just sell the collateral to get back their money. Getting loans from banks become even more difficult after the credit crisis that occur in the US.

TiliK225 [7]2 years ago

3 0

Answer:

banks

Explanation:

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1 year ago

When budgeting for your immediate needs, you should divide them into what two categories of expenses

Usimov [2.4K]

Fixed expenses and flexible expenses or Discretionary expenses

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3 years ago

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If a customer buys $10,000 worth of stock in a cash account, then sells the shares for $12,000 without first paying for the buy

katovenus [111]

Answer:

B) II and III.

Explanation:

Based on the information given the statement that are TRUE are II and III

II. The amount of $2,000($10,000-$12,000) which is the profit for the business will be given to the customer but the customer account will have to be frozen or put on hold for 90 days because the customer had not paid for the buy side before selling the shares for the amount of $12,000

III. In a situation where customer paid the amount for the buy side in full either before or after the fifth business day which is the day that follows the trading date, the customer account that had be frozen will be unfrozen or lifted because the buy side amount had be paid in full.

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3 years ago

How does a business achieve economies of scale?

vaieri [72.5K]

Answer:

Companies can achieve economies of scale by increasing production and lowering costs. This happens because costs are spread over a larger number of goods. Costs can be both fixed and variable. ... The larger the business, the more the cost savings.

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3 years ago

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At the beginning of 2021, Artichoke Academy reported a balance in common stock of $164,000 and a balance in retained earnings of

daser333 [38]

Answer:

Artichoke Academy

Statement of Stockholders’ Equity

For the Year Ended December 31, 2021

Beginning balance Common Stock $164,000

Beginning balance retained earnings $64,000

Subtotal $228,000

Common Stock issued $54,000

Earned net income $44,000

Distributed dividends ($11,400)

Ending balance Common Stock $218,000

Ending balance retained earnings $96.600

Total Stockholders' Equity December 31, 2021: $314,600

Artichoke Academy

Balance Sheet

For the Year Ended December 31, 2021

Assets:

Cash $54,000

Prepaid rent $31,000

Supplies $12,300

Land $270,000

Total assets: $367,300

Liabilities and stockholders' equity:

Accounts payable $13,600

Utilities payable $5,200

Salaries payable $4,900

Notes payable $29,000

Common stock $218,000

Retained earnings $96,600

Total liabilities and stockholders' equity: $367,300

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3 years ago