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Rainbow [258]
3 years ago
12

Lois wants to start an art gallery. However, because of lack of adequate funds, she decides to borrow money from a bank. The ban

k is hesitant to give money to Lois because it cannot verify whether her business would be able to earn enough profit to repay the borrowed amount within the stipulated period. However, after a thorough research, the bank grants her the money. In the given scenario, Lois uses _____ to fund her business.
A. crowdfundingB. a loanC. venture capitalD. a credit card
Business
1 answer:
IRINA_888 [86]3 years ago
8 0

Answer: Loan

Explanation: In simple words, loan refers to lending of money by one entity or a group of entities to some other party. The individual or organisation taking the loan have to repay it in installments in a specified period. The installment repaid is a sum of principal and the interest charged.

In the given case, Lois borrowed money from a bank and is liable to repay that loan within a specified time period.

Hence from the above we can conclude that the correct option is B.

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Why must the eliminating entries be entered in the consolidation worksheet each time consolidated statements are prepared?
DedPeter [7]

Answer:

The reason to prepare the consolidation worksheet is to maintain the record of what is finally entered in the books to record the transactions in between the holding and subsidiary.

This basically thus, requires the elimination of all the assets and liabilities of the subsidiary, and creation of such assets and liabilities into the balances of the holding(parent) company. In this manner the elimination is necessary to record.

So that there is no error in the form of multiple record of assets and liabilities, or in the form of no record of assets and liabilities of the subsidiary.

8 0
3 years ago
Identify a true statement about the follow-up that salespeople should perform after a sale. Multiple Choice Salespeople should a
Jlenok [28]

After the sale, salespeople should only follow up with the buying center members who are directly involved in the use of the product.

The members of the buying center will be responsible for making decisions regarding variables that allow the monitoring of factors such as:

  • Direct buyback
  • New task
  • Modified buyback
  • Product type

This monitoring will help to understand consumption and satisfaction trends so that the purchase and sales strategy is carried out more effectively and aligned.

Therefore, salespeople should follow up after the sale only with buying center members, who will provide them with guidance to make more sales of certain most consumed products.

Learn more here:

brainly.com/question/12607810

8 0
3 years ago
Decision makers examine the _____ values of their choices. These values are based on what they think will happen.
yanalaym [24]
Expected; values of their choices
5 0
3 years ago
Strengths are typically based on the existence and nature of the __________ possessed by the firm. Weaknesses stem from a lack o
Nikolay [14]

Answer: a) resources and relationships

Explanation:

Strength for any firm according to analysis is considered as the resources existence that help in functioning of organizational process and organizational relationship for strong and reliable customer base.It helps in innovation, improvement and strengthening firm against competition companies.

Other options are incorrect because product, consumer,capital, partnership and patents are not the factors that majorly impact strength of the organization.Thus, the correct option is option(a).

4 0
3 years ago
The following budget data pertain to the Machining Department of Yolkenverst Co.: Maximum capacity 62,000 units Machine hours pe
Marysya12 [62]

Answer:

Yolkenverst Co.

Machining Department

For the current year the department has a fixed overhead production volume variance, rounded to the nearest whole dollar, of:

= $7,148.

Explanation:

a) Data and Calculations:

Maximum capacity 62,000 units

Machine hours per unit 2.50

Variable factory overhead $ 4.20 per machine hour

Fixed factory overhead $ 432,500

Planned capacity units to be produced = 50,840 units (62,000 * 82%)

Actual capacity units produced = 50,000 units

Production volume variance = 840 units (50,840 - 50,000)

Fixed factory overhead rate of maximum capacity = $6.96 ($432,500/62,000)

Standard fixed overhead rate based on planned capacity = $8.51 ($432,500/50,840)

Fixed overhead production volume variance = production volume variance * standard fixed overhead rate based on planned capacity

= 840 * $8.51

= $7,148.4

= $7,148

7 0
2 years ago
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