Why are the financial reports of small businesses used by banks when making lending decisions?
Question:
Why are the financial reports of small businesses used by banks when making lending decisions?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Financial reports of small businesses are used by banks when making lending decisions for several reasons 1 Assessment of Creditworthiness Banks rely ...View the full answer
Answered By
OTIENO OBADO
I have a vast experience in teaching, mentoring and tutoring. I handle student concerns diligently and my academic background is undeniably aesthetic
4.30+
3+ Reviews
10+ Question Solved
Related Book For
Enterprise And Small Business Principles Practice And Policy
ISBN: 9780273726104
3rd Edition
Authors: Sara Carter, Dylan Jones-Evans
Question Posted:
Students also viewed these Business questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
What type of business is S. G. Cowen? How is this firm different from the other financial firms? How systems and operations of financial firms are different from other types of businesses - say...
-
In Problems 1316, find each sum. 10 (-2)* k=1
-
On July 1st Jackson Hole Construction purchases a bulldozer for $285,000.00. The equipment has a 9 year life with a residual value of $15,000.00. Jackson Hole uses units-of-production method...
-
Determine how many terms should be used to estimate the sum of the entire series with an error of less than 0.001. 1 In (In (n + 2)) (1)". n=1
-
The Earlswood Company is a multidivisional company which holds divisional managers responsible for their individual profits. The Squire Division produces, among other items, an electric motor which...
-
Explain why rewarding sales personnel on the basis of total sales might not be in the best interests of a business whose goal is to maximize profits.
-
Let A and B be events with P(A)=0.2 and P(B)=0.7. Assume that A and B are independent. Find P(A and B). P(A and B) = X S
-
What strategic and structural weaknesses impact the development and implementation of effective strategies in small businesses?
-
Small businesses invariably have higher gearing levels than large businesses. Discuss.
-
A species of aster normally blooms between mid-August and late September. The range of the aster is located in a climate that usually produces freezing temperatures in late October. The pollinators...
-
Download the following all to the same folder: The program Lab9-start.py Download Lab9-start.py The data files health-no-head-sample.csv Download health-no-head-sample.csvand health-no-head.csv...
-
As information technologies continue to evolve and become more interconnected, organizations and society face both opportunities and risks. Rainer and Prince (2020) consider the Internet of Things to...
-
2. Identify the information sources used for the data and documentation that they use in their work activities (such as verbal, written, electronic) (K2) 3. Describe why technical information is...
-
School psychologists play a critical role in evaluation and determination of eligibility for special education services. They often consult with teachers and families about characteristics of...
-
Evaluate the following lambda expressions using eager beta-reduction (use the standard interpretations for numbers and boo leans wherever needed). Evaluate the expressions in the previous exercise...
-
RK Company began September with inventory of $45,300. The business made net purchases of $33,300 and had net sales of $61,600 before a fire destroyed the companys inventory. For the past several...
-
10m solution. If Ka(HA) = 10 then pOH of solution will be [Given : log4=0.6] (A) 6.7 (B) Greater than 6.7 & less than 7.0 (C) Greater 7.0 & less than 7.3 (D) Greater than 7.3
-
What is the difference between interest and profit? Who earns interest and in return for what contribution to production? Who earns economic profit and in return for what contribution to production?
-
A profit-maximizing firm expands its purchase of any input up to the point where diminishing returns have reduced the marginal revenue product so that it equals the input price. Why does it not pay...
-
The following table shows the number of pizzas that can be produced by a large pizza parlor employing various numbers of pizza chefs. a. Find the marginal physical product schedule of the pizza...
-
Use the australian accounting standard. On 1 July 2022, Surf Ltd leases a semi-trailer truck from Superior Ltd. The truck will be used to move spare parts between Surf's various warehouses. The...
-
In addition to the Transaction/events that have occurred during the year, the CEO would like you to provide some accounting advice on some proposed future expenditure. Specifically, Surf Ltd is...
-
A rise with a sharp fall at the end of an utterance is found in: a. statements b. yes/no questions c. exclamations d. wh-questions e. incomplete thoughts
Study smarter with the SolutionInn App