Explain how trade credit and equipment loans can provide initial capital funding.
Answer to relevant Questionsa. Describe the different types of loans made by a commercial bank.b. What does a banker need to know in order to decide whether to make a loan?1. Compare the two financing options in terms of projected return on the owner’s equity investment. Ignore any effect from income taxes.2. What if Dalton is wrong and the company earns only 4 percent in operating income on ...Why might an entrepreneur find going public a frustrating process?1. Do you agree that the entrepreneur’s company is not sellable?2. Are there any other options for the entrepreneur besides selling his business?3. What would you recommend the entrepreneur do? Why? List the four sociological influences on consumers that were discussed in this chapter. What is their relevance to consumer behavior?
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