Required: (a) Identify and discuss the major factors that a bank would take into account before deciding whether to grant an increase in the...

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Required: (a) Identify and discuss the major factors that a bank would take into account beforedeciding whether to grant an increase in the overdraft of a business. (10 marks) (b) State whether, in your opinion. the bank should grant the required increase in theoverdraft for Gainsborough Fashions Ltd. You should provide reasoned arguments and supporting calculations where necessary. (10 marks)