Beach Bake, a small maker of a new sunscreen, needs financing to build a warehouse. The owner wants to avoid personal loans. Asset-based financing I would recommend.
What is asset based financing?
Working capital and term loans are given to businesses using a specific technique called asset-based finance. As collateral, it uses real estate, accounts receivable, machinery, equipment, and inventories. When a loan to a corporation is backed by one of the company's assets, it is effectively referred to as a secured loan.
How do asset-based loans work?
Asset-based lending refers to a loan or line of credit given to a company and secured by a piece of property. Inventory, equipment, accounts receivable, and other balance-sheet assets are just a few examples of the different types of collateral utilized in asset-based lending.
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The answer is 78 inches.
The instructions indicate that you need to purchase fabric that is the length of the pants, and then double it and add an additional 8 inches. Using these instructions, it is calculated by doubling 35 inches, which is 70 inches, and then add 8 inches to it. This gives you an answer of 78 inches.
Answer and explanation:
A competitive advantage is a factor of a product or company that makes it different from others and that is attractive to most parts of a market's sector. Nowadays it is crucial to identify which the competitive advantage of a business could be instead of believing consumers will reach the product just because it may satisfy their needs. The competitive advantage is what position one company over its competitors.
Answer:
Y= $18,194.05
Explanation:
This is a form of annuity that involves payment of equal amounts monthly for 5 years. These amount are made up of part of the interest and part of the principal.
Using the annuity formula
P= Y{1-(1/[1+r]^n)/r}
Where P = Initial loan amount
Y = yearly payment
r= interest rate
n= number of years
75,000= Y{1-(1/[1+0.068]^5)/0.068}
75,000= Y{1-(0.719689)/0.068}= Y{0.280311/0.068}
Y= 75,000/4.122227
Y= $18,194.05