Business, 01.01.2021 16:30 brandonkelly104
You own a farm and grow seasonal products such as pumpkins, squash, and pears. Most of your business revenues are earned during the months of October to December. The rest of your year supports the growing process, where revenues are minimal, and expenses are high. In order to cover the expenses from January to September, you consider borrowing a short-term note from a bank for $300,000. Based on this scenario, please complete the following:
Research the lending practices of a local bank.
Determine the interest rate charged for a $300,000 loan.
Determine the collateral the bank requires to secure the loan?
Determine your overall payback amount if you were to repay the loan in less than one year.
Choose either a payback with periodic payments or all at the end of the loan term, and compare the
outcomes.
After conducting your research, would you consider borrowing the money?
What positive and negative outcomes accompany borrowing the money?
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 14:00, breana758
Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $
Answers: 3
Business, 22.06.2019 19:00, eraines1714
Which of the following is likely not a benefit of requiring a grand jury to listen to and examine all of the evidence against a person suspected of committing a serious crime and then independently deciding whether or not to hand down an indictment? 1.the grand jury system provides the accused another safeguard against being sent to trial and facing conviction based on flawed evidence. 2.the members of the grand jury are drawn from the community and are empowered to render independent decisions about whether or not the government has collected enough evidence to bring an individual to trial. 3.the grand jury’s decision can provide prosecutors insight into what is necessary to build a sufficient case if a similar crime is presented later. 4.the grand jury is impaneled to rubber-stamp prosecutors’ cases, which makes it possible for more cases to reach trial.
Answers: 2
Business, 22.06.2019 20:20, abbz13
Which statement is not true about a peptide bond? which statement is not true about a peptide bond? the peptide bond has partial double-bond character. the carbonyl oxygen and the amide hydrogen are most often in a trans configuration with respect to one another. rotation is restricted about the peptide bond. the peptide bond is longer than the typical carbon-nitrogen bond.
Answers: 2
You know the right answer?
You own a farm and grow seasonal products such as pumpkins, squash, and pears. Most of your business...
Questions in other subjects:
Geography, 26.09.2019 00:00
Chemistry, 26.09.2019 00:00
History, 26.09.2019 00:00
