Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assumption: you work as a commercial loan officer

Assumption: You work as a commercial loan officer in a local bank. The president of...

80.2K

Verified Solution

Question

Accounting

Assumption:

You work as a commercial loan officer in a local bank. The president of a small-to-medium sized fast-food restaurant chain, with 250 employees in five locations, comes into your bank and asks for a business loan of $400,000 to help fund his expansion plans for building two additional restaurant locations.

Question(s):

1-What would be your concerns as the loan officer?

2-What questions would you ask and what financial documents might you request of him/her?

3- Explain the importance of Accrual basis accounting and how you might possibly verify that this company is following Accrual basis accounting.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

D What value for x is going to make m n Type your answer m...

Geometry
Q

What is the reason that the co localization of human alpha and beta globin genes...

Biology
Q

Directions: After reading lesson one in your HMH assignment, Empires in Africa and Asia. Answer...

Biology
Q

A cuboidal container has dimension 50 cm X 30 cm X 100 cm it is...

Physics
Q

Find the area of the given geometric figure If the figure is a circle give...

Basic Math
Q

In a tidal river the time between high tide and low tide is 6 2...

Calculus
Q

Question 1 Evaluate the logarithm log1 30 3 decimal places

Algebra
Q

WH has actual sales of $800,000 and a break-even point of $520,000. How much is...

Accounting
Q

When a taxpayer disagrees with CRA's interpretation of the Income Tax Act, what options does...

Accounting
Q

The shareholders equity of Beau Corporation includes $2,000,000 of $1 par common stock and $4,000,000...

Accounting
Q

Mickey is a 12-year-old dialysis patient. Three times a week for the entire year, he...

Accounting
Q

Please solve for all required boxes (A, B, C) and show work. I will give...

Finance