All categories

3 years ago

Describe a real or made up but realistic example of a time when you might apply for a loan.

1 answer:

3 0

Well people apply for loans when they need money for a certain goal. Like in the movie fantastic beasts and where to find them in the first part they are at a bank. The guy in their tries to get a loan so he can start a company as an entrepreneur. He wants to be able to own his own bakery so he could make cookies cakes and several other designs. Another reason people get loans is when their business is failing. Like the macys owner in the Florida Oviedo town mall took a few loans to help start up the company and pay to own the store their. But it recently closed. Those are two examples of when people took a loan to either start or continue a buisness when money was short.

You might be interested in

December 3 – Vogel Corporation sold inventory on account to Hatcher Corp. for $492,000, terms 1/10, n/30. This inventory origina

laiz [17]

Answer:

Journals :

<u>December 3</u>

Accounts Receivable :Hatcher Corp. $492,000 (debit)

Cost of Sales $309,000 (debit)

Sales Revenue $492,000 (credit)

Inventory $309,000 (credit)

<em>Sold goods on credit to Hatcher Corp</em>

<u>December 8 </u>

Sales Revenue $3,200 (debit)

Inventory $2,010 (debit)

Accounts Receivable : Hatcher Corp. $3,200 (credit)

Cost of Sales $2,010 (credit)

<em>Hatcher Corp. returned goods</em>

<u>December 12</u>

Cash $43,920 (debit)

Discount allowed $4,888 (debit)

Accounts Receivable : Hatcher Corp. $488,800 (credit)

<em>Payment received from Hatcher Corp and discount allowed recognized</em>

Net Sales to be reported :

Net Sales = $483,912

Gross profit percentage ;

36.56 %

Explanation:

Payment made by Hatcher Corp is still within 10 days (the discount period) thus the customer is eligible for a cash discount calculated on the sales amount less returns as follows :

Discount allowed = $488,800 × 1%

= $4,888

Thus,

Net Sales = $492,000 - $3,200 - $4,888

= $483,912

Gross Profit Percentage = Gross Profit /Sales × 100

Where

Gross Profit = Sales - Cost of Sales

= $483,912 - ($309,000 - $2,010)

= $176,922

Therefore,

Gross Profit Percentage = $176,922/ $483,912 × 100

= 36.56 %

8 0

3 years ago

Dearborn Company has earnings per share of $2.80, it paid a dividend of $2.10 per share, and the market price of the company's s

marissa [1.9K]

Answer:

The price/earnings ratio is closest to 21.79

Explanation:

Price / Earning ratio is used to assess the owner`s appraisal of share value. The higher the ratio the more confident that the shareholders have on company's future performance.

Price / Earning ratio = Market price of Share ÷ Earnings per share

= $61 ÷ $2.80

= 21.79

6 0

3 years ago

A real estate salesperson is often approached by home buyers of a particular race. His usual practice is to show them homes in n

guapka [62]

Answer: Racial steering

Explanation: Racial steering refers to the practice in which real estate brokers guide prospective home buyers towards or away from certain neighborhoods based on their race .Another example of racist practices is racial steering, in which real estate agents direct prospective homeowners toward or away from certain neighbourhoods based on their race.Steering can take several forms. Information steering occurs when minority homeseekers are shown or given information on fewer homes or neighborhoods than non minority homeseekers. Segregation steering occurs when minorities are shown homes in areas with larger minority populations than areas shown to non minorities. And class steering occurs when neighborhoods shown to minority homeseekers are of lower socioeconomic status than those shown to non minorities. Several actors in the housing industry engage in steering. Mortgage lenders and insurance agents often provide less information and offer fewer, more expensive, and lower quality products to non white households or residents of non white communities than they do for whites and predominantly white communities.

4 0

3 years ago

What were the 3 main programs president Roosevelt established to help reconstruct the US economy?

Xelga [282]

The 3 main programs president Roosevelt established to help reconstruct the US economy were referred to as the "3 R's" and they include the following.

Relief for the unemployed and for the poor
Recovery of the economy back to normal levels,
Reform of the financial system to prevent a repeat depression.

The New Deal was a series of programs and projects which were originated by President Franklin D. Roosevelt during the Great Depression that aimed to restore prosperity to Americans by revamping the American economic system.

President Roosevelt upon ascension of office introduced the New deal which was swift way to stabilize the economy and provide jobs and relief to those who were suffering.

The three R's of the new deal are

Relief for the unemployed and for the poor
Recovery of the economy back to normal levels,
Reform of the financial system to prevent a repeat depression.

The major accomplishments of the new deal was that it restored a sense of security as it put people back to work. It also provided the framework for a regulatory state that could protect the interests of all Americans, both rich and poor.

Learn more about the New Deal at brainly.com/question/936437

#SPJ1

6 0

1 year ago

Read 2 more answers

zloy xaker [14]

Usually, a change of course such as the change in this company operation would be outlined in the firm's product vision statement.

<h3>What is product vision statement?</h3>

A product vision statement is a statement that is use as a guide or reminder to all the stakeholders involved in a product's development and also entails the objective they are aiming to achieve.

Usually, the product vision statement will reflect the change if the change of organization course occur.

In conclusion, the change of course such as the change in this company operation would be outlined in the firm's product vision statement.