An entrepreneur purchased an existing bicycle shop that had between $120,000 and $150,000 worth of sales annually for the past three years. during the first year under new ownership, there was a devastating winter with numerous snowstorms, so sales, which usually pick up in march, were very low until the beginning of may. there is usually an increase in sales between march 1 and june 30 that accounts for 50 percent of the store's annual revenue. what would the forecasted sales be for the entrepreneur's first year? what recommendations do you have for the entrepreneur based on your projection?

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan