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Vinil7 [7]
3 years ago
15

"The Small Business Administration (SBA) is a government agency designed to help" small business owners.B)SBA does not directly

lend money, instead it helps partner business owners with other lenders in order to have more secure funding.C)SBA loans are not guaranteed.D)Some microfinance institutions have turned into predatory loan sharks.E)All the above are true
Business
1 answer:
kupik [55]3 years ago
4 0

Answer:

Statement C is a FALSE statement.

<u>SBA loans are not guaranteed.</u>

Explanation:

Small business administration loans are guaranteed by federal agency which allows the lenders to offer them with flexible terms and conditions as it provides with a sense of security to lenders.

So Statement (C) SBA loans are not guaranteed is a FALSE statement.

SBA is government agency which help partner business owners in getting loans as some microfinance organization have turned into predatory loan sharks.

So statement (A) ,(B), and (D) are TRUE.

So the correct answer would be option (C) as it is a false statement.

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Joshua needed money for some unexpected expenses, so he borrowed $5,355.26 from a friend and agreed to repay the loan in seven e
konstantin123 [22]

Answer:

10%

25.14 years

Explanation:

A financial calculator can be used to solve these problems

PMT = $-1,100

PV = $5,355.26

FV = 0

N = 7

Compute I = 10%

PMT = $-25,000

FV =  $1,387,311

I = 6%

PV = 0

Compute N = 25.14 years

8 0
3 years ago
BE22-4 Gundy Company expects to produce 1,200,000 units of Product XX in 2017. Monthly production is expected to range from 80,0
anzhelika [568]

Answer:

\left[\begin{array}{cccc}Range&80,000&100,000&120,000\\ Materials&400,000&500,000&600,000\\ Labor&480,000&600,000&720,000 \\ Overhead&640,000&800,000&960,000 \\ Variable&1,600,000&2,000,000&2,400,000 \\ Depreciation&200,000&200,000&200,000 \\ Supervision&100,000&100,000&100,000 \\ Fixed&300,000&300,000&300,000\\ Total&1,960,000&2,300,000&2,700,000\\\end{array}\right]

Explanation:

We multiply the variable component for each relevant range.

Then for the fixed cost, we post the total.

Notice it is given for 1,200,000 units

so total depreciation 1,200,000 x 2 = 2,400,000 = 200,000 per month

Supervisor  1,200,000 x 1 = 1,200,000 = 100,000 per month

5 0
3 years ago
Please help me!!! Click here for question!
olga_2 [115]

Answer:

I think maybe B?

Explanation:

I am not sure so I think its b

5 0
2 years ago
Read 2 more answers
At the profit maximizing level of employment, the wage rate is _____ and the level of employment is _____: w3; q1 w2; q2 w1; q1
diamong [38]
The correct option is w1;q1.
<span>At the profit maximizing level of employment, the wage rate is W1 and the level of employment is Q1.</span>
4 0
3 years ago
Tom Yuppy, a wealthy investor, paid $20,000 for 1,000 shares of $10 par common stock issued to him by Leuig Corp. A month later,
Sliva [168]

Answer:

See the attached excel file for the horizontal statements model.

Explanation:

In the attached excel file, we have:

FA = Financing activity

For event 1:

Cash = $20,000

Common stock = Number of shares * Share price at par = 1,000 * $10 = $10,000

PIC in Excess = Paid in capital in excess = Cash - Common stock = $20,000 - $10,000 = $10,000

For event 2:

Cash = Number of shares issued * Price per share = 2,000 * $2.50 = $50,000

Common stock = Number of shares * Share price at par = 2,000 * $10 = $20,000

PIC in Excess = Cash - Common stock = $50,000 - $20,000 = $30,000

Download xlsx
3 0
3 years ago
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