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Trava [24]
2 years ago
7

Setsuko wants to start a business of her own. She does not have enough savings, so she approaches her bank to obtain short-term

funds for operations. The bank agrees to lend her $10,000 as she has requested. In this scenario, the type of funding obtained by Setsuko can be regarded as a
Business
1 answer:
Arisa [49]2 years ago
3 0

The type of funding obtained by Setsuko is the line of credit.

The following information should be relevant for the line of credit:

  • It is treated as a flexible loan.
  • It is an amount of money i.e. defined and can be accessed whenever it is needed and after that, it could be repaid instant or over a period of time.
  • It is for a short period of time.

Since in the given situation, it is mentioned that:

  • Setsuko obtained the funds for the short term.
  • Bank lent her $10,000.

Therefore we can conclude that the type of funding obtained by Setsuko is the line of credit.

Learn more about the line of credit here: brainly.com/question/17937007

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Explanation:

took it out from Spreadsheet Modeling and Decisions Analysis. hope this helps.

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Justin deposits $4,000 into an IRA account that earns an annual interest rate of 6.5%. If he makes no additional deposits, how m
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The Future value at year time is $4,260

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8 0
3 years ago
True or false: if the sales comparison approach cannot be developed because of a lack of sales data, the cost approach cannot be
vfiekz [6]

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3 0
1 year ago
Outsourcing is __________. ANSWER Unselected making a high-level, often strategic, decision regarding which products or services
larisa [96]

Answer:

the use of supply chain partners to provide products or services.

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5 0
2 years ago
On April 16, 2018, Rodriguez Corporation reacquired 12,000 shares of its own $10 par stock for $660,000 cash. On November 4, 201
never [62]

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Explanation:

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Thus, once the reissued of these 12,000 repurchased shared took place, common stock account will be credited at the amount equal to 55 x Number of share reissued. In case the reissued price is higher than $55, the surplus amount will be Credited into Paid-in Common share account to present the difference between cash receipt and common share recorded; in case reissued price is lower than $55, Retained earning account will be debited to present the difference between cash receipt and common share recorded

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6 0
2 years ago
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