Author Question: It is not necessary to give most lenders a current business plan or audited financial statements ... (Read 116 times)

newbem · **on:** Jul 14, 2018

It is not necessary to give most lenders a current business plan or audited financial statements when requesting a long-term business loan.

Indicate whether the statement is true or false

Question 2

During 2013, Just-the-One Jewelry had sales revenues of 1,500,000. This retailer also had expenses that totaled 800,000. What is the firm's profit or loss amount?
A) 2,300,000
B) 1,500,000
C) 800,000
D) 700,000
E) It is impossible to calculate profit or loss with the above information.