Which of the following is NOT typically involved when a start-up business applies for a loan at a commercial bank? A viable business plan Evidence of at least two months of projected sales already in inventory A personal financial statement Business financial statements, including projected cash flows Hopewell Drugstore plans to sell 50,000 bonds each with a face value of $1,000. If all of the bonds eventually sell for $975 each and the firm's investment banker receives a commission of 1.50% for every bond sold, what are the net proceeds to the firm from the sale of the bond issue? $48, 018, 750 $41, 500,000 $43, 415, 250 $40, 875, 750 A type of loan is similar to a line of credit. However, even though only a portion of the loan is available to the borrower, interest is paid on the entire face value of the loan. line of credit straight loan with preset payment schedule compensating balance loan discount loan A gain on disposal is recognized when the selling price of the asset is the book value. less than greater than greater than or equal to equal to