Maurice Tutor

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About Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 399 Weeks Ago, 1 Day Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 16 Feb 2018 My Price 6.00

Custom Enterprises

Loretta Smith, president and owner of Custom Enterprises, applied for a $250,000 loan from City National Bank. The bank requested financial statements from Custom Enterprises as a basis for granting the loan. Loretta has told her accountant to provide the bank with a balance sheet. Loretta has decided to omit the other financial statements because there was a net loss during the past year.

In groups of three or four, discuss the following questions:

1. Is Loretta behaving in a professional manner by omitting some of the financial statements?

2. a. What types of information about their businesses would owners be willing to provide bankers? What types of information would owners not be willing to provide?

b. What types of information about a business would bankers want before extending a loan?

c. What common interests are shared by bankers and business owners?

Answers

Maurice Tutor
(5)
Status NEW Posted 16 Feb 2018 05:02 PM My Price 6.00

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