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:

Previously Attempted Suicide

Refers to an individual who has made one or more attempts to end their own life in the past.

Suicide Study

The scientific investigation into the causes, motivations, and prevention strategies related to suicide.

Edwin Shneidman

An American psychologist who was an early pioneer in the field of suicidology and thoroughly studied the motivations behind suicide.

Suicide Prevention

Efforts and interventions aimed at reducing the risk and incidence of suicide.