Ask Question
BusinessBusiness
6 October, 15:58

Gordon makes a trip to his financial institution one morning. He has conducted all of his banking transactions at the institution for more than twenty years. Today he walks out with a loan on his new home and one for a new boat. What method of financing has Gordon secured

+5
Answers (1)
  1. 6 October, 16:07
    0
    Answer: Commercial financing

    Explanation: In simple words, commercial financing refers to the financing by the banks or other such financial institution. The financing is done by banks in the form of loans which are secured by any relative assets. However, banks sometimes lends on the basis of cash flows.

    In the given case, Gordon took a loan from the financial institution for a new home and a boat.

    Hence from the above we can conclude that Gordon has used commercial financing.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Gordon makes a trip to his financial institution one morning. He has conducted all of his banking transactions at the institution for more ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Alpha Company has sales revenue of $5,000,000, cost of goods sold of $2,000,000, and net income of $750,000.
Answers (1)
Which of the following individual characteristics is protected by many state employment laws but NOT by U. S. federal law? a. Mental disability b. Sexual orientation c. Weight (body mass index) d. National origin
Answers (1)
Universal Containers (UC) uses a legacy Employee portal for their employees to collaborate. Employees access the portal from their company's internal website via SSO. It is set up to work with Site Minder and Active Directory.
Answers (1)
Suppose the consumption function is c = $200 + 0.85yd. if disposable income is $400, consumption is
Answers (1)
2. Why are accounts receivable considered assets even if the money has not yet been paid to the business? O Accounts receivable is a synonym for "asset." O Businesses can count potential income as assets.
Answers (1)
New Questions in Business
Which type of business is best for Juanita to start? A corporation, because she needs a large investment to get started a sole proprietorship, because she will work alone from home a franchise, because many others will want to start the same
Answers (2)
The essential requirement for different businesses to be related is that A. E) the production methods that they employ both entail economies of scale. B. B) the products of the different businesses are bought by much the same types of buyers. C.
Answers (1)
Which of the following statement best describes the difference between a trade surplus and a trade deficit?. A. A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports. B.
Answers (1)
A buyer and seller have entered into a contract for sale of a duplex. the buter defaults on the contract and the seller claims the escrow deposit per contractual agreement. What term applies to this situation?
Answers (1)
Daniel owns a small business that he is considering selling. he contracts with blair, a business attorney, to provide him with legal advice on the sale of his business. daniel's contract with blair is governed by
Answers (1)
Home » Business » Gordon makes a trip to his financial institution one morning. He has conducted all of his banking transactions at the institution for more than twenty years. Today he walks out with a loan on his new home and one for a new boat.
Sign Up Forgot Password?