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Nuetrik [128]
3 years ago
11

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

Business
1 answer:
kicyunya [14]3 years ago
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.
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The accountant for Flagger Company prepared the following list of account balances from the company’s records for the year ended
Gre4nikov [31]

Answer:

Net operating income $15,000

Explanation:

Flagger Company

Income statement for the year ended , 31 December

Fee earned

165,000

Less : Operating expenses

Salaries and wages 40,000

Rent expense. 51,000

(91,000)

Gross profit.

74,000

Less: Selling expense.

(44,000)

Profit before interest and tax.

30,000

Less interest expense.

(18,000)

12,000

Add: Interest income.

3,000

Net operating income.

15,000

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3 years ago
THREE reasons except politics for the looting of shops,malls and the destruction of business property in GAUTENG and KwaZulu Nat
Helga [31]

Answer:

poverty,lack of AQ,others do it for fun

8 0
3 years ago
How many types of money are included in the M2 category? A.two B.three C.four D.five
RSB [31]
There are four types of money included in the M2.
3 0
4 years ago
Read 2 more answers
Your car has a breakdown while you are driving, forcing you to stop. You should try to stop completely out of the traffic lanes
Sveta_85 [38]
The correct answer (in Florida, could be different in other places) is 200 feet.
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3 years ago
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The current US dollar to Euro exchange rate is 1 Euro = US $1.30 (or US $1 = 0.77 Euro). If the US dollar strengthens (appreciat
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1 Euro = $1.30 USD or $1.00 USD = 0.77 Euro (this means more US Dollar is needed in exchange with Euro and lesser  amount of Euro is needed in exchange with US Dollar)

US dollars strengthens by 10% compared to Euro.

1Euro = $1.30 USD --> $1.30*0.10 = 0.13 --> $1.30-0.13 = $1.17

$1.00 USD = 0.77 Euro --> 0.77*0.10 = 0.077 --> 0.77+0.077 = 0.847 Euro or 0.85 Euro

The new exchange rate will be 1 Euro = $1.17 USD or $1.00 USD = 0.85 Euro (this means that US economy is performing well, thus lesser US Dollar is needed in exchange with Euro and more Euro is needed in exchange with US Dollar)

8 0
3 years ago
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