As you write your business plan, you include a section about financing the start-up costs. You...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
As you write your business plan, you include a section about financing the start-up costs. You have limited personal savings and feel uncomfortable about accepting loans from family or friends. Therefore, you expect to rely solely on bank loans for your expenses. Which of the following statements are true? Check all that apply. Expecting to obtain loans, without any alternative plans, may prevent you from opening the business. New businesses often have difficulty obtaining bank loans. If your loan applications are turned down by banks, the U.S. Small Business Administration will work with lending institutions to make sure you get a loan. Neither large, commercial banks nor small, community banks are leading sources of funding for entrepreneurial ventures. As you write your business plan, you include a section about financing the start-up costs. You have limited personal savings and feel uncomfortable about accepting loans from family or friends. Therefore, you expect to rely solely on bank loans for your expenses. Which of the following statements are true? Check all that apply. Expecting to obtain loans, without any alternative plans, may prevent you from opening the business. New businesses often have difficulty obtaining bank loans. If your loan applications are turned down by banks, the U.S. Small Business Administration will work with lending institutions to make sure you get a loan. Neither large, commercial banks nor small, community banks are leading sources of funding for entrepreneurial ventures.
Expert Answer:
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these management leadership questions
-
Which of the following statements are true of long-term investments? a. They can include investments in trading securities. b. They are always easily sold and therefore qualify as being marketable....
-
Which of the following statements are true regarding dividends? _____ 1. Cash and stock dividends reduce retained earnings. _____ 2. Dividends payable is recorded at the time a cash dividend is...
-
Which of the following statements are true for discrete random variables? Explain why each statement is true or false. a. The mean can be negative. b. The mean can be zero. c. The standard deviation...
-
The use of prenumbered checks in disbursing cash is an application of the principle of: (a) establishment of responsibility. (b) segregation of duties. (c) physical controls. (d) documentation...
-
The Rugger Corporation is a Seattle-based R&D company that recently developed a new type of fiber substrate that is waterproof and resists dirt. Several carpet manufacturers in northeast Georgia want...
-
A sports statistician claims that the numbers of passing yards for college football quarterbacks change from their junior to their senior years. The table shows the numbers of passing yards for 10...
-
Journalize the following adjusting entries at December 31: 1. Services provided but not recorded, $1,500. 2. Salaries earned by employees but not recorded, $2,300. 3. Accrued interest on a note...
-
You can purchase an optical scanner today for $400. The scanner provides benefits worth $60 a year. The expected life of the scanner is 10 years. Scanners are expected to decrease in price by 20% per...
-
S = 14.93 (capture at the close) K (strike price) = 17 r = 0.25% Price date = 26 March Maturity Date = 20 May Trading days = 39 T = Trading days / 252 = 39 / 252 = 0.155 Found on the mid of the put...
-
Norr and Caylor established a partnership on January 1, 2019. Norr invested cash of $100,000 and Caylor invested $30,000 in cash and equipment with a book value of $40,000 and fair value of $50,000....
-
2-3 54 Q9. Find minors and cofactors of the elements of the determinant 6 0 5 - 71 Q10. Discuss the continuity of the function f(x) = x3 + x-1 at x = 1.
-
What are the advantages of using sample-and-hold operational transfer function (SHOTF) over the block pulse operational transfer function (BPOTF) in analyzing control systems involving...
-
Decompose the \((i+1)\) th block pulse function component using two delayed unit step functions, and graphically prove that the integration of these component functions finally result in the figure...
-
An account planner is often considered the consumer advocate. Pick a brand that you like and usea brand that would be your best friend. What three things does the consumer like most about the brand?...
-
Derive the relation \(\boldsymbol{\Phi}=\mathbf{W} \Psi\) where \(\mathbf{W}\) is the Walsh matrix, \(\boldsymbol{\Phi}\) is the Walsh function vector, \(\Psi\) is the block pulse function vector of...
-
Explain why the operational matrix for integration \(\mathbf{P}\), is of an upper triangular form. What are the mathematical advantages of an upper triangular matrix?
-
Most firms, when planning for growth, focus on, -maintaining ROI over the firm's cost of capital -maximizing Economic Value Added -meeting asset target growth rates -meeting sales target growth rates...
-
Draw a Feynman diagram for the reaction n + v p + .
-
Matthew borrows $250,000 to invest in bonds. During 2012, his interest on the loan is $30,000. Matthew's interest income from the bonds is $10,000. This is Matthew's only investment income. a....
-
a. Wilson filed his individual tax return on the original due date, but failed to pay $700 in taxes that were due with the return. If Wilson pays the taxes exactly 2 months late, calculate the amount...
-
How are qualified dividends taxed in 2012? Please give the two rates of tax which apply to qualified dividends, and specify when each of these rates applies._________________________...
-
A computer input control is designed to ensure that a. Machine processing is accurate. b. Only authorized personnel have access to the computer area. c. Computer processing has been performed as...
-
In its computer processing system a company might use check digits to detect which of the following errors? a. Recording an invalid customers identification charge account number. b. Assigning a...
-
In a credit sales and cash receipts system flowchart symbol X could represent a. Auditors test data. b. Remittance advices from customers. c. Error reports. d. Credit authorization forms.
Study smarter with the SolutionInn App