Question
James needs cash for his business. He sells his $100,000 accounts receivable balance to a third party. The third party gives him 25% upfront.The third
James needs cash for his business. He sells his $100,000 accounts receivable balance to a third party. The third party gives him 25% upfront.The third party then collects the receivables and pays James the balance minus a 5% fee. How much money does James end up with (total)?
$100,000
$25,000
$95,000
$5,000
Samantha owns a service business that has $30 million in annual sales. Is her business eligible for an SBA loan? (Choose the answer that offers the most correct reasoning.)
No. She exceeds the maximum annual sales figure.
Yes. The cap on service company revenues is $33.5 million.
No. Service companies are not eligible.
Yes. There are no revenue caps on eligibility.
Depending on the crowdfunding platform, a project that fails to meet its fundraising goal.
becomes the subject of a class-action lawsuit
will always receive partial funding, regardless of platform
is automatically banned from future participation on the platform
may not receive any of the funding
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started