ACCT 4683 Lecture Notes - Lecture 5: Municipal Bond, Small Business, Cash Flow
26 Jan 2020
Department
Course
Professor
Document Summary
What does sba do: small business association, provide a guarantee on a loan that would not happen otherwise, direct loans from sba a rare but they do happen. If a loan was going to happen anyway, sba is not active, but when there is no guarantee the sba will guarantee. Most desirable form of collateral: money for money (#1) (#2) real estate. It does not have an expected life: value usually increases. Like having insurance on a house: quarterly income or profit statements, keeping taxes paid. 18 november 2019: banks have first right, since they have the control to the loan. Different kinds of inventory: raw materials, work in process goods, finished. Any two ratios in finance and explain. Time deposit and demand deposit: dd you put money in and it gets released same day to use, td is a promise to leave money in the bank for a long time.
