As you write your business plan, you include a section about financing the start-up costs. You...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
As you write your business plan, you include a section about financing the start-up costs. You have limited personal savings and feel uncomfortable about accepting loans from family or friends. Therefore, you expect to rely solely on bank loans for your expenses. Which of the following statements are true? Check all that apply. Expecting to obtain loans, without any alternative plans, may prevent you from opening the business. New businesses often have difficulty obtaining bank loans. If your loan applications are turned down by banks, the U.S. Small Business Administration will work with lending institutions to make sure you get a loan. Neither large, commercial banks nor small, community banks are leading sources of funding for entrepreneurial ventures. As you write your business plan, you include a section about financing the start-up costs. You have limited personal savings and feel uncomfortable about accepting loans from family or friends. Therefore, you expect to rely solely on bank loans for your expenses. Which of the following statements are true? Check all that apply. Expecting to obtain loans, without any alternative plans, may prevent you from opening the business. New businesses often have difficulty obtaining bank loans. If your loan applications are turned down by banks, the U.S. Small Business Administration will work with lending institutions to make sure you get a loan. Neither large, commercial banks nor small, community banks are leading sources of funding for entrepreneurial ventures.
Expert Answer:
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these management leadership questions
-
Which of the following statements are true of long-term investments? a. They can include investments in trading securities. b. They are always easily sold and therefore qualify as being marketable....
-
Which of the following statements are true regarding dividends? _____ 1. Cash and stock dividends reduce retained earnings. _____ 2. Dividends payable is recorded at the time a cash dividend is...
-
Which of the following statements are true for discrete random variables? Explain why each statement is true or false. a. The mean can be negative. b. The mean can be zero. c. The standard deviation...
-
The use of prenumbered checks in disbursing cash is an application of the principle of: (a) establishment of responsibility. (b) segregation of duties. (c) physical controls. (d) documentation...
-
The stockholders equity section of Sundberg Corporations balance sheet at December 31 is presented here. SUNDBERG CORPORATION Balance Sheet (partial) Stockholders equity Paid-in capital Preferred...
-
How do the characteristics of an HLT loan differ from those of a short-term loan that is sold?
-
Using the Internet or print media, find some examples of off-balance sheet ideas.
-
Amazon.com, Inc., headquartered in Seattle, WA, started its electronic commerce business in 1995 and expanded rapidly. The following transactions occurred during a recent year (dollars in millions):...
-
If you invest $5,000 into a savings account that yields quarterly compound interest with an annual interest rate of 9%, how much will you have in the savings account after 5 years?
-
A project has a first cost of \($180,000,\) an estimated salvage value of \($20,000\) after 6 years, and other economic attributes as detailed in the table below. Unfortunately, as the end of year 4...
-
1. Sweep from left to right. If there is no 0, or no 1, or if they are out of order REJECT. 2. Move head to start. Sweep to right and search for the last 0. IF found change it to blank ELSE REJECT 3....
-
1 . What are the four steps of producing a cost of production report? Please also explain why this report matters. 2 . What does equivalent units of production ( EUP ) mean, and why is it necessary...
-
3. How would you calculate Compass Box's cost of goods sold (i.e. would you use FIFO, LIFO, average cost or some other method)? What are the advantages and disadvantages of each?
-
What approaches are used to deal with internal and external company problems in the context of Corporate Communication? Corporate Communication approach in dealing with internal company problems,...
-
A 7-inch gear and a 10-inch gear are in mesh. The speed of the 10-inch gear is 70 revolutions per minute (rpm). What will be the speed of the 7-inch gear
-
Charlotte is 22 years old, has just graduated from college, and is beginning her new job. She already has plans for her eventual retirement and will start saving right away with annual IRA...
-
If the coefficient of static friction at contact points A and B is s = 0.3, determine the maximum force P that can be applied without causing the 324-kg spool to move. P 0.6 m A 0.9 m B
-
Draw a Feynman diagram for the reaction n + v p + .
-
Matthew borrows $250,000 to invest in bonds. During 2012, his interest on the loan is $30,000. Matthew's interest income from the bonds is $10,000. This is Matthew's only investment income. a....
-
a. Wilson filed his individual tax return on the original due date, but failed to pay $700 in taxes that were due with the return. If Wilson pays the taxes exactly 2 months late, calculate the amount...
-
How are qualified dividends taxed in 2012? Please give the two rates of tax which apply to qualified dividends, and specify when each of these rates applies._________________________...
-
8. Malaga Arabian Limited Partnership sold investments in the Spanish Arabian horse industry under Rule 506. James E. Mark, who purchased one of the partnership interests, alleged that the...
-
6. YOU BE THE JUDGE WRITING PROBLEM World-Wide Coin Investments Ltd. sold rare coins, precious metals, camera equipment, and Coca-Cola collector items. Its stock was registered with the SEC under the...
-
7. Suppose that, while waiting in line at the grocery store, you overhear a stranger saying that the FDA is going to approve a new drug tomorrow-one that will be a huge success for Alpha...
Study smarter with the SolutionInn App