(there are 5 questions)
question 1: when determining your business’s initial cash needs...
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Business, 03.02.2020 10:49 algahimnada
(there are 5 questions)
question 1: when determining your business’s initial cash needs, you should determine how much money you’ll need to live on for the first your business’s operations?
a): 1 to 3 months
b): 1 to 6 months
c): 6 to 12 months
question 2: one of the biggest dangers of borrowing from people you know is their potential
a): flexibility
b): reneging on the money
c): ulterior motives
question 3: what type of loan uses real estate for security?
a): a point sale
b): a line of credit
c): a second mortgage
question 4: which of the following documents will a bank issue in order to secure a loan with your personal assets?
a): guarantee and safety agreement
b): promissory note
c): 1099 form
question 5: adriana has borrowed $30,000 from her ira in order to fund her startup cost. how long does she have to replace the money without incurring a 10% premature withdrawal fee?
a): 60 days
b): 90 days
c): 120 days
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