To open a new bakery, Angelica takes out a $15,000 loan from the bank by providing her house as collateral. The type of financing obtained is called aMultiple Choicetrade credit.mutual fund.mortgage.subsidy.

Anya takes out a loan to purchase a home. The real estate itself is pledged as collateral to guarantee that Anya will pay the loan. What type of loan does Anna have?Multiple Choicehome equitymortgagecollateralthriftdebit

Sebastian borrowed $75,000 from his stepmother to fund his new animation business. He said that she would be a partner in the business and would be entitled to a significant percentage of profits from the business. This is an example ofMultiple Choicefranchising.bartering.equity financing.initial public offering.bootlegging.

1.Question 1Jack sets up a supermarket on January 1, 2016 which sells groceries in Central Illinois by investing $15,000 his own money and getting a $30,000 bank loan with 10% interest rate. The bank loan is payable in 6 years. Also, the supermarket has the following transactions in Year 1: I. Purchase a shop for $10,000 cash II. Purchase groceries for $5,000 on credit III. Pay annual insurance premium of $1,000. IV. Sale of groceries (originally costing $3,000) for $5,000 in cash V. Pay creditors $4,000 VI. Pay utilities $2,000 VII. Pay employees $2,000 VIII. Pay annual interest of the bank loanWhat is the Total Assets ending balance at the end of year 1? 1 point$37,000$30,000$40,000$38,000

What is the most common financing source?Group of answer choicesLoansLove MoneyPersonal InvestmentCrowd funding

Multiple Select QuestionSelect all that applyWhat are three forms of debt financing that Jena can obtain to start a new online training program business for counselors?Multiple select question.A bank loan in the amount of $10,000Personal savings of $20,000 that she combines with other existing assetsThirty-five new laptops given in exchange for a 2% share of the businessA $15,000 SBA loan