Identify the following sentences whether it is a business loan or consumer loans. 1. Mr. Chua wants
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1. Mr. Chua wants to have another branch for his drug store. He decided to apply for a loan that he can use to pay for the rentals of the new branch. 2. Bea decided to take her family for a vacation. To cover the expenses, she decided to borrow money from a cooperative. 3. Ramil runs a trucking business. He borrowed money from JKL Finance Corporation to buy three more trucks for his business. 4. Ms. Galang has renovated her house. This was made possible because of an approved loan worth Php 75,000. 5. Roan has a computer shop. She owns 6 computers. She decided to borrow some money from the bank to buy 10 more computers. 6. Samson owns a siomai food cart in a mall. He wants to put another food cart in the new train terminal. He decided to have a loan to buy another set of equipment and consumables. 7. Lloyd wants to have some improvements on their 10-year old mami house and plans to have a second floor. He will borrow some money from a bank to finance this plan. 8. Glenn decided to purchase a condominium unit near his workplace. He got a loan worth Php 2,000,000. 1. Mr. Chua wants to have another branch for his drug store. He decided to apply for a loan that he can use to pay for the rentals of the new branch. 2. Bea decided to take her family for a vacation. To cover the expenses, she decided to borrow money from a cooperative. 3. Ramil runs a trucking business. He borrowed money from JKL Finance Corporation to buy three more trucks for his business. 4. Ms. Galang has renovated her house. This was made possible because of an approved loan worth Php 75,000. 5. Roan has a computer shop. She owns 6 computers. She decided to borrow some money from the bank to buy 10 more computers. 6. Samson owns a siomai food cart in a mall. He wants to put another food cart in the new train terminal. He decided to have a loan to buy another set of equipment and consumables. 7. Lloyd wants to have some improvements on their 10-year old mami house and plans to have a second floor. He will borrow some money from a bank to finance this plan. 8. Glenn decided to purchase a condominium unit near his workplace. He got a loan worth Php 2,000,000.
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1 Consumer loan 2 Consumer loan 3 Business loan 4 Consumer loan 5 Consumer loan 6 Business loan 7 Consumer loan 8 Consumer loan Explanation 1 Mr Chua ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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