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Paladinen [302]
3 years ago
6

Assume that the bank says Frank can have the money and would like to work with him on the type of debt that he will be incurring

. The bank says he can have it as a line of credit (see footnote) at 5% interest, a short-term loan of two years at 7% interest, or a five-year loan at 10% interest, or a combination of these types of loans. What would you suggest and why? And remember that since Frank is a sole proprietor, he does not get a paycheck but is instead pay from the profits of the store, which also has to be used to pay back the loan.
Business
1 answer:
IceJOKER [234]3 years ago
7 0

Answer:

It is better for Frank, to go for a line of credit

Explanation:

It is better for Frank, to go for a line of credit, as this will enable him to have the lowest interest payment.  This will also help him to draw for his services and also enable him to be repaying the in small amounts so that the operations are not affected.

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Schach [20]

Answer:

add 200 shillings to the book balance

8 0
3 years ago
Suzanne owns interests in a bagel shop, a lawn and garden store, and a convenience store. Several full-time employees work at ea
ollegr [7]

Answer:

In order for Suzanne to be considered an active participant in her stores, she must work at least 31 hours more. That way, her total working hours will be above 500, and she can deduct any losses from her adjusted gross income.

If she doesn't work at least 31 hours more, these activities will be considered passive activities and can only offset passive income.

Explanation:

4 0
2 years ago
Abbe Co. is a small merchandising company with a manual accounting system. An investigation revealed that in spite of a sufficie
lisov135 [29]

Answer:

1. FALSE

2.TRUE

3. TRUE

4.TRUE

Explanation:

1. It is FALSE which means each voucher should NOT be approved for payment by a designated official before verifying price, quantities, and terms because it would not reduce the chances of losing cash discount .

2. It is TRUE which means each voucher should tend to be filed by the day which will be the last day of the discount period or the due date if the invoice is not subject to a cash discount because if the voucher is filed at last day, there will be chance of losing it.

3. It is TRUE which means each day, the vouchers should be removed from the appropriate section of the file and checks issued by the disbursing official because yhis will also tend to lead to losing the cash discount for payment to the vendor.

4. It is TRUE which means at the time of payment, all vouchers and supporting documents should be stamped or perforated "Pald" because there will presentation of invoice for the second time.

8 0
2 years ago
The best thing you can do to keep a positive relationship with your supervisor is to?
Naddik [55]
Hi there!

The best thing you could do is keep open communication with your supervisor and remain honest when things happen.

Hope this helps!
3 0
3 years ago
According to Gary Hamel, management should be viewed as a(n) _____ to which ongoing improvements and innovation can be made syst
umka2103 [35]

Answer: PROCESS

Explanation: GARY HAMEL is a world acknowledged thinker Born on the year 1954,he described management as a process,he is the founder of STRATEGOS a management consultant firm,through his work he showed that management should be seen as a PROCESS through which ongoing innovations and improvements can be achieved. According to Gary Hamel,

Management innovation is an innovation in management principles and processes that ultimately changes the practice of what managers do, and how they do it.

6 0
3 years ago
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