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konstantin123 [22]
3 years ago
10

Cameron has applied for a loan to expand his young business. When bankers look for evidence of whether he will be able to repay

a loan, they usually base their assessment on what?
Business
1 answer:
Readme [11.4K]3 years ago
3 0

Answer:

what Cameron's firm has done in the past.

Explanation:

Small businesses do request for loans in some cases when they aim at using borrowed funds as capital to become more profitable in their business. When such requests are made, the bank can decide to look at what has been done in the past by the firm to ascertain if they can be able to repay the loan. They usually look at the current and past loans (If any) and debts that have been incurred by the business. In some cases, they also examine the bank accounts the business won and their tax IDs, etc.  

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Promissory Notes Receivable

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3 years ago
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Thus, the customer base of amy is very narrow.

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7 0
3 years ago
A cosmetic company planned to launch a range of low-cost cosmetics. It decided to undertake research on what kind of cosmetics w
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Answer:

Audience; to maximize the reach and success of the campaign Strategy;

Explanation:

The element of planning is being identified by this process is Audience

The reason why audience is important in the process is because it has the purposeful intention of maximizing the reach and success of the campaign Strategy.

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8 0
4 years ago
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The depreciation deduction for year 11 of an asset with a 20-year useful life is $4,000. If the salvage value of the asset was e
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Answer:

The answer is $80,000

Explanation:

The formula for straight-line depreciation is:

[Cost of asset - salvage value(if any)] ÷ useful life of the asset

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Useful life of the asset = 20 years

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Therefore, the initial cost of the asset was $80,000

7 0
3 years ago
If you have been a victim of identity theft,what should you do after contacting the company that reported the suspicious charge
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Cancel your credit cards and anything that may cause trouble like debt or charges
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