Urgent help needed!!!! Please

1. .What are some of Michah's options for funding the expansion of the business? Choose all that apply.

1. Find some outside investors
2. Borrow Funds
3. Increase Sales
4. Reduce Expenses
5. Owner can invest more fund

2. When reviewing the bank covenant for establishing the minimum requirements Mack construction must attain, does it appear to be reasonable?

1. No, it is unreasonable for banks to ask for these types of requirements.
2. Yes, it's reasonable for the bank to ask for these requirements

3. Why does the bank allow for a lower quick ratio verses the current ratio?

1. Fewer current liabilities are being used for the quick ratio verses the current ratio.
2. More current assets are being used for the quick ratio verses the current ratio.
3. More current liabilities are being used for the quick ratio verses the current ratio.
4. Fewer current assets are being used for the quick ratio verses the current ratio.

4.What is the impact on the accrued interest if you were to use annual compounded interest instead of simple interest?

1. If compounding is used, in year 2 the interest is subtracted from the interest incurred from year 1.
2. No impact on the first year using either method.
3. If compounding is used, in year 2 the interest is the same amount as the interest earned in year 1.
4. If compounding is used, in year 2 the interest is added to the interest incurred from year 1.

5. If the construction supplies were considered to be inventory instead of supplies what impact would that have on the Current ratio?

1. Decrease

2. No Impact

3. Increase