Week 6: Part 3 – Assets, Savings, and Analysis •Due by the end of Week 6 at 11:59 pm, ET. Assets, Savings, and Analysis When you apply for a small-business loan, the lender will assess your ability to pay back the loan. The lender will look for collateral (assets), which could cover the loan in case of default. As a future small-business owner, you also want to make sure you can save for the future. a)Calculate your current asset total (collateral). I.Provide a desсrіption of your assets and a total amount. Assets could be Liquid Assets (savings account assets, 401k, stocks, investments, other) or residential property. b)Calculate your Retirement Savings Ratio Experts recommend saving 25 TIMES your current annual income for retirement. Use the following link to assist you with your retirement savings breakdown. Save 25X Your Current Income – Retirement Savings Ratio I.Calculate your retirement savings ratio. Show the complete breakdown of your work. II.Discuss whether or not you saving enough each month to have 25 TIMES your current annual income by age 65. What about age 70? c)Calculate your Emergency Fund Ratio Do you currently have an emergency fund? Financial experts recommend having at least 6 months of expenses saved up for emergencies. Use the following link to assist you with your emergency fund ratio. • 6X Monthly Expenses – Emergency Fund Ratio I.Calculate 6 TIMES your monthly expenses. Show the complete breakdown of your work. II.Determine how long will it take you to save 6 months of expenses based on your monthly savings from Table 1: Monthly Expenses (in Part I). Show your work. d)Using the financial analysis from Parts I and II, calculate exactly how much money you’ll need to borrow to start up your small business. e)Using the financial analysis from Parts I and II, determine if you are ready to apply for a small business loan today, within 2 years or more than 5 years in the future. Explain your answer in 3 – 4 sentences.
Are you looking for an answer to a similar question? https://geniushomeworks.com/
has writers waiting to work on your paper.
Place your order and we will prepare an original paper, within the timeframe that suits you!
Our plagiarism reports are free.
We will deliver the order early enough so that you can have a look at it before submitting
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlinesOrder Paper Now