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Sergeu [11.5K]
2 years ago
7

Explain why the bank has asked to see your business financial records?​

Business
1 answer:
Gala2k [10]2 years ago
3 0

Answer:

They might be looking for a higher level of comfort as the loan exposure grows,

Explanation: None

You might be interested in
The Classical Theory is based on the assumption that an economy has ______________ or, if nudged away, quickly returns to that c
raketka [301]

Answer:

c. full employment

Explanation:

The classical theory states that the existence of full employment is normal in economy.To classical economists, the diversion of economy from full employment is something abnormal. Classical theory states that unemployment is caused in economy due to involvement of trade union legislation and minimum wage legislation in free market system.

So the answer is c. full employment

3 0
3 years ago
The income statement of Whitlock Company is presented here.
bazaltina [42]

Answer:

$1,146,800

Explanation:

Preparation for the operating activities section of the statement of cash flows for the year ended November 30, 2020

WHITLOCK COMPANY

Partial Statement of Cash FlowsFor the Year Ended November 30, 2020

Cash flows from operating activities

Net income $1,366,800

Adjustments to reconcile net income to net cash provided by operating activities..

Activities

Depreciation expense $70,000

Decrease in inventory $500,000

Decrease in accrued expenses payable ($100,000)

Increase in prepaid expenses ($150,000)

Increase in accounts receivable ($200,000)

Decrease in accounts payable($340,000)($220,000)

Net cash provided by operatingActivities $1,146,800

($1,366,800-$220,000)

Therefore the operating activities section of the statement of cash flows for the year ended November 30, 2020 is $1,146,800

3 0
3 years ago
Taylor loves the lifestyle associated with being a salesperson, allowing her to take a day off during the week and make it up on
Readme [11.4K]

Answer: Flexibility

Explanation:

  According to the question, Taylor likes the flexible values so that she creates her own comfortable schedule.

The flexibility in the schedule provide the job satisfaction and balanced the life as she loves the lifestyle of being sales person.

It also helps in reduce the stress if you are satisfied with the work-life balance and also increase the productivity of an organization. Therefore, Flexibility is the correct answer.

3 0
3 years ago
Type the correct answer in the box. Spell all words correctly. Jason is the marketing head at his company. He was working on the
nikdorinn [45]

Answer:

Finance department.

Explanation:

6 0
3 years ago
Read 2 more answers
Alexis Company was started in Year 1. At the end of Year 1 the Company had the following accounting equation.Assets = Liabilitie
swat32

Answer:

Company's assets at the end of Year 2 were provided by creditors = 20%

Explanation:

<u>Calculation of Cash at the end of Year 2 </u>

Cash balance at the end of Year 1     $600

Less: Paid off to notes payable          ($500)

Add: Earned cash revenue                 $700

Less: Paid cash expenses                   ($400)

Less: Paid cash dividend                     <u>($100)</u>

Cash balance at the end of Year 2    <u>$300</u>

Notes payable at the end of Year 2 = Beginning balance - Paid off

= $1,000 - $500

= $500

<u>Calculation of Notes Payable at the end of Year 2 </u>

Notes Payable at the end of Year 1     $1000

Less: Paid off to notes payable            <u>($500)</u>

Notes Payable at the end of Year 2 <u>$500</u>

Total assets at the end of Year 2 = Cash + Land

= $300+2200

= $2500

Creditors at the end of the Year 2 (Notes payable) = $500

Company's assets at the end of Year 2 were provided by creditors = Creditors * 100 / Total assets

= $500 * 100 / $2500

= 20%

5 0
2 years ago
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