Business, 21.05.2021 08:40 sierralynnbaldp16d4b
George is a sole trader who owns a bicycle shop in a large town. The shop sells bicycles and cycling accessories. George wants to expand his business by offering a repair service to customers. George estimates that he'll need $2000 to rent, fit and equip the workshop and a further $1000 to buy inventories: total of $3000. George is considering asking his bank for a loan.
George's cousin, Winston, has offered to go into partnership with George. Winston would invest $2000 in the business. Winston is a car mechanic.
1) identify two disadvantages of external sources of finance.
2) outline two pieces of financial information that bank manager might want to know when considering George's application for a bank loan.
3) Explain two external sources of finance, other than a bank loan, that might George might consider for raising $3000
4) Do you think George should go into partnership with his cousin, Winston? Justify your answer.
Answers: 2
Business, 21.06.2019 14:00
Gibson's bodywork does automotive collision work. an insurance agency has determined that the standard time to replace a fender is 2.5 hours (i.e., "standard output" 0.4
Answers: 2
Business, 21.06.2019 15:30
Kayla and jada are roommates in new york city. both kayla and jada recently received pay raises. kayla now buys more movie tickets than before, but jada buys fewer. kayla behaves as if movie tickets are goods and jada's income elasticity of demand for movie tickets is
Answers: 2
Business, 21.06.2019 20:40
Which of the following explains why the government sets a required reserve ratio for private banks? a. to allow the government to control the interest rate charged on loans. b. to prevent banks from printing too much money and causing inflation. c. to make sure banks don't run out of money when customers make withdrawals. d. to enable the regulation of risk levels in the decision process of offering loans. 2b2t
Answers: 1
George is a sole trader who owns a bicycle shop in a large town. The shop sells bicycles and cycling...
Mathematics, 03.03.2021 14:00
Biology, 03.03.2021 14:00
Mathematics, 03.03.2021 14:00
Mathematics, 03.03.2021 14:00
Arts, 03.03.2021 14:00
English, 03.03.2021 14:00
Mathematics, 03.03.2021 14:00
Engineering, 03.03.2021 14:00
Biology, 03.03.2021 14:00
Mathematics, 03.03.2021 14:00
Chemistry, 03.03.2021 14:00
Spanish, 03.03.2021 14:00
Mathematics, 03.03.2021 14:00
Biology, 03.03.2021 14:00
Mathematics, 03.03.2021 14:00