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serg [7]
4 years ago
14

As a member of your community’s Chamber of Commerce you have seen first-hand the difficulty many of the local merchants have had

securing business loans which they need to purchase inventory for the next quarter. Prior to the economic recession, the large banks were very willing to make such loans, even to the least financially secure individuals. Now, securing a loan is a challenge even for the most reputable and successful businesses. You and several other members of the Chamber have made the decision to start a community bank that will be supportive of the local merchants’ financial needs. You soon learn that starting a bank is not quite as simple as opening a hardware store or insurance agency. In an essay of approximately 225 words, create a plan for moving your concept for a community bank from a great idea to execution. Create a sequential list of the five key steps you must complete and what you must do to demonstrate that you have met the legal, financial and regulatory requirements associated with that step in the process.
Business
1 answer:
Fofino [41]4 years ago
7 0

Answer:

Steps: 1. good plan 2. teamwork 3. essay and business model 4. Think of solution 5. Use creativity to solve solution

Explanation:

This would involve a lot of essay work and typing, so I can't give you every detail.

You might be interested in
Barbara solicits input from her subordinates before making decisions that will affect them. She often praises them for good work
stiv31 [10]

Answer:

Letter B is correct. <u><em>Participative.</em></u>

Explanation:

The participative leadership style is characterized by a leader whose focus is on including employees in most of the organizational decision making process. It is a type of leadership that prioritizes teams and their decisions are relevant to the point of establishing a majority vote in the company to assist in organizational issues and actions.

There are many added benefits in organizations that adopt a participatory leadership style, some of which are:

  • Greater acceptance of consensus-based practices and policies. Employees feel valued and motivated to achieve organizational goals because they feel they are part of the company's achievements.
  • Encourages employee creativity and collaboration in problem solving.
  • Decreases turnover and turnover costs as employees choose to stay with the company to see their plans assist in organizational success.
6 0
3 years ago
Recommend three life skills that can assist a grade 12 school leaver to adapt to the world of work in 2023.in each answer,also i
Rasek [7]

A grade 12 school leaver will require communication, time management and problem solving skills to adapt to the world of work.

<h3>What are life skills?</h3>

Life skills are skills required by individuals are necessary for living and cooperation with others

Some of the life skills include:

  • communication
  • time management
  • critical thinking
  • problem solving

A grade 12 school leaver will require communication, time management and problem solving skills to adapt to the world of work.

Learn more about about life skills at: brainly.com/question/1099971

4 0
2 years ago
Which of the statements below indicates that a company earned a net income for the period?
vfiekz [6]

Answer:

The correct answer is letter "B": The sum of the credits exceeds the sum of the debits in the Income Statement columns on the work sheet.

Explanation:

Net Income, bottom line, or total earnings or profits is a measure of how profitable the company is over a period of time. To find net income, we should take a look at the company's total revenue to subtract any expenses associated with the company's doing business. After deducting taxes from that amount we will have the company's net income.  

In the case in the income statement credits exceed debits, the net income of a company is likely to be positive.

6 0
3 years ago
Kraven Corp. borrows $100,000 by signing on a 1-year, 8% promissory note from General Finance Company and assigns $120,000 of it
Aleks [24]

Answer and Explanation:

The journal entry is shown below:

Cash Dr $98,800

Finance charge Dr ($120,000 × 1%) $1,200

       To Liability - Financing Arrangement $100,000

(being receipts of cash is recorded)

Here cash and finance charge is debited as it increased the assets and expenses and liability is credited as it also increased the liabilities. Also, the cash & expenses contains normal debit balance and liabilities contains normal credit balance

6 0
3 years ago
If you are tempted to send an e-mail while angry, what should you do?
Pani-rosa [81]

Answer:

You should take a deep breath and complete it, then consult with a co-worker for clarification.

7 0
3 years ago
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