You Evaluate Loan Requests as Part of Your Job at Beach

question 111

Essay

You evaluate loan requests as part of your job at Beach Front National Bank. One loan request you received is from Surfer Dude Supplies, a small company. Tracy Roberts, the manager, is requesting $75,000 and brings you a trial balance (or Statement of Accounts) of the first year of operations ended December 31, 2010.
REQUIRED: While you are willing to work with Tracy, how would you explain to him that a complete set of financial statements from his accountant would be more useful for evaluating the loan request?

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Definitions:

Processes

A sequence of activities or measures implemented to reach a specific goal.

Collaborative Writing

The practice of multiple individuals working together to produce a single document or piece of content.

Parliamentary

Relating to a parliamentary system of government or its procedures.

Formal Meeting

A pre-planned gathering of individuals for discussion or decision-making, often following a set agenda and protocol.