Smith and Roberson’s Business Law
17th Edition
ISBN: 9781337094757
Author: Richard A. Mann, Barry S. Roberts
Publisher: Cengage Learning
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Chapter 8, Problem 6Q
Summary Introduction
To discuss: Whether anything can recover by person L.
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Assume that your business is going to apply for a bank loan. Step into the shoes of a banking official who has the power to say yes or no to your loan application. From the bank’s vantage point, what are the strengths and weaknesses of your business plan? Does your plan seem realistic, given the financial assumptions and the business environment? What questions would you, as a bank officer, ask about your business plan? As the entrepreneur behind the business plan, how would you answer these questions and persuade the bank to approve your loan? Write up your questions and answers in one paragraph. Then use what you’ve learned to further strengthen your plan.
Assume that your business is going to apply for a bank loan. Step into the shoes of a banking official who has the power to say yes or no to your loan application. From the bank’s vantage point, what are the strengths and weaknesses of your business plan? Does your plan seem realistic, given the financial assumptions and the business environment? What questions would you, as a bank officer, ask about your business plan? As the entrepreneur behind the business plan, how would you answer these questions and persuade the bank to approve your loan? Write up your questions and answers in one paragraph. Then use what you’ve learned to further strengthen your plan.
Even before you launch your business, you have to be ready to handle the funds that will flow in and out as you buy raw materials, pay rent, receive customer payments, and reserve cash to pay taxes. Which financial services should you have in place on your first day in business? Which might be needed months later, after you’ve established your business? Write two to three sentences about your company’s need for financial services, now and during the first year.
Chapter 8 Solutions
Smith and Roberson’s Business Law
Ch. 8 - Prob. 1COCh. 8 - Prob. 2COCh. 8 - Prob. 3COCh. 8 - Prob. 4COCh. 8 - Prob. 5COCh. 8 - Prob. 1QCh. 8 - Prob. 2QCh. 8 - Prob. 3QCh. 8 - Prob. 4QCh. 8 - Prob. 5Q
Ch. 8 - Prob. 6QCh. 8 - Prob. 7QCh. 8 - Prob. 8QCh. 8 - Prob. 9QCh. 8 - Prob. 10QCh. 8 - Prob. 11CPCh. 8 - Prob. 12CPCh. 8 - Prob. 13CPCh. 8 - Prob. 14CPCh. 8 - Prob. 15CPCh. 8 - Prob. 16CPCh. 8 - Prob. 17CPCh. 8 - Prob. 18CPCh. 8 - Prob. 19CPCh. 8 - Prob. 20CPCh. 8 - Prob. 21CPCh. 8 - Prob. 22CPCh. 8 - Prob. 1TSCh. 8 - Prob. 2TSCh. 8 - Prob. 3TS
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