National Bank

Question 1

Vince Hunt, president of Sabre Enterprises, applied for a $200,000 loan from First National Bank. The bank requested financial statements from Sabre Enterprises as a basis for granting the loan. Vince has told his accountant to provide the bank with a balance sheet. Vince has decided to omit the other financial statements because there was a net loss during the past year.

1. Is Vince behaving in a professional manner by omitting some of the financial statements?
   1. What types of information about their businesses would owners be willing to provide bankers?
   2. What types of information would owners not be willing to provide?
   3. What types of information about a business would bankers want before extending a loan?
2. What common interests are shared by bankers and business owners?

Question 2

Write a 700- to 1,050-word personal finance mission statement that describes where you want to be financially and how you can get there. Include the following:

•An analysis of your personal values as related to finances.

•An analysis of your specific financial goals and future vision.

•Formulate one simple action to take to meet goals and vision. Formulate one complex action to take to meet your goals and vision. Format your assignment consistent with APA guidelines.