To obtain financing for her hair salon, Valeri asked you toprepare a balance sheet for her business. When she sees it,she is disappointed that the assets exclude a value for herlist of loyal customers. What can you tell her to explainwhy this “asset” has been excluded? Knowing this, whatshould she tell her banker when they meet next week?

To obtain financing for her hair salon, Valeri asked you toprepare a balance sheet for her business. When she sees it,she is disappointed that the assets exclude a value for herlist of loyal customers. What can you tell her to explainwhy this “asset” has been excluded? Knowing this, whatshould she tell her banker when they meet next week?

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter5: Managing Checking And Savings Accounts

Section: Chapter Questions

Problem 8FPC

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