In the All About You feature, you learned about the importance of your personal resumé being a

Question:

In the "All About You" feature, you learned about the importance of your personal resumé being a faithful representation of your personal background, education, and experience.
To apply this concept further, assume that you are applying for a car loan. The loan application requires that you prepare two reports: (1) a projected and (2) information about your assets and liabilities. The information in the loan application will be used to determine if the bank manager will approve the loan or not.
Instructions
(a) Why would a bank manager ask you to complete a projected and provide information about your assets and liabilities in order to decide whether or not to approve your loan? What is the bank manager trying to determine about you?
(b) Describe the qualitative characteristics the information you provide to the bank manager should have for this information to be useful to the bank manager.
(c) The will primarily be based on future cash inflow and outflows. How might a bank manager verify the reasonableness of the What might be the consequences to you if the bank manager determines the information provided is misleading?
Cash Budget
A cash budget is an estimation of the cash flows for a business over a specific period of time. These cash inflows and outflows include revenues collected, expenses paid, and loans receipts and payment. Its primary purpose is to provide the...