1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
konstantin123 [22]
2 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]2 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.  

You might be interested in
The value-added is:
kondor19780726 [428]

Answer:

The correct answer is letter "C": sales minus costs of intermediate goods.

Explanation:

Value Added is used to describe the extra something a company does to a product that makes it worth more than the cost of its underlying parts. For economists, value-added is the <em>difference between the gross revenue for an industry</em> (sales) <em>and the sum of the labor, materials, and services </em>(intermediate goods) <em>purchased to produce the goods that generated the revenue.</em>

8 0
3 years ago
Which of the following is true of a partnership?
Readme [11.4K]

Answer: Option (B)

Explanation:

A partnership is referred to as or known as an arrangement where organizations, parties, business partners, tend to agree to cooperate with each other in order to advance the mutual interests they have. These partners that are in partnership may tend to be businesses, individuals, organizations, governments. Organizations tend to partner in order to increase their likelihood of achieving the mission and also amplify reach.

4 0
3 years ago
When Auditing the i._____________ area on the financial statements sending out confirmations is required, unless the following t
stiv31 [10]

Answer:

The missing answer is Accounts Receivable.

Explanation:

If a company (say Sender Limited) provides goods and or services to a customer and that customer is yet to pay, the amount due is entered under the Accounts Receivable (AR) portion of Sender Limiteds financial records. In order words Accounts Receivable (AR) is simply money owned to Sender LImited by clients or other debtors.

In a company's balance sheet, the AR is recognized as Current Assets. That is, it is expected that such monies will come in within a year.

When Auditing the accounts receivable area on the financial statements sending out confirmations is required.

It is normal at this point for auditors to requests (electronically or via traditional mail) to

a. customers to verify accounts receivable and

b.  to financial institutions to confirm outstanding promissory notes.

The following are financial areas that may be investigated:

i. cash transactions,

ii. inventory records, and consigned merchandise

iii. long-term contracts,

iv. accounts payable and contingent liabilities, and

v. any transaction that looks suspicious

Cheers

4 0
2 years ago
China produces many products at the lowest cost possible, even though Chinese consumers do not desire many of these products (e.
Setler79 [48]

Answer:

Production efficiency.

Explanation:

It's production is efficient because produces products at a lower cost that the competition.

It's not allocative efficiency, because when this happens, production represents costumers preferences.

3 0
3 years ago
What is a good way to narrow down possible career choices?
spayn [35]

A good way to narrow down possible career choices might be researching the possible ones to see which one suits you more.

6 0
3 years ago
Read 2 more answers
Other questions:
  • Which term is defined as the government setting the maximum amount that a property owner can charge a tenant?
    7·2 answers
  • Which of the following statements is FALSE?A) As the enterprise value represents the entire value of a firm before the firm pays
    15·1 answer
  • Alexi Co. issued $2.50 million face amount of 8%, 10-year bonds on June 1, 2019. The bonds pay interest on an annual basis on Ma
    7·1 answer
  • Inflating your expenses for a company-sponsored conference that discredits the profession is a violation of what ethical​ standa
    11·1 answer
  • Gladys learns from her agent Phil that he has just received a full price offer from a minority couple. She tells Phil to pull he
    6·1 answer
  • Precision Aviation had a profit margin of 7.00%, a total assets turnover of 1.4, and an equity multiplier of 1.8. What was the f
    11·1 answer
  • What does country of primary residence mean?
    6·1 answer
  • Which one of the following terms is defined as a loan wherein the regular payments, including both interest and principal amount
    8·2 answers
  • Inventory should be reported as follows except a.according to the chosen cost flow assumption. b.at lower of cost or market. c.a
    7·1 answer
  • "You’ve observed the following returns on Crash-n-Burn Computer’s stock over the past five years: 6 percent, –13 percent, 24 per
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!