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Over [174]
2 years ago
14

What is the difference between the conditions of secured and unsecured loans?

Business
1 answer:
jek_recluse [69]2 years ago
4 0

Answer:

if you are approved for a secured loan, a lender will put a lien on an asset until the loan is paid off. An unsecured personal loan, by contrast, does not require any collateral. Examples of unsecured loans can include credit cards, student loans, unsecured personal loans, and unsecured personal lines of credit.

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Process of tracking customer contacts and providing the customer with a price quote is
SashulF [63]
The correct answer is letter C. Pre-Sales

Pre-Sales is carried out before a producer managed to acquire customers, sometimes even before the products are being launch.

Usually customers get a significant amount of discount if they bought the product through pre-sales process, but they have to wait a little bit long before they got the products


4 0
3 years ago
A good with many close substitutes is likely to have relatively ___________(elastic,inelastic) demand, since consumers can easil
butalik [34]

Answer:

Elastic demand

A heart valve

Explanation:

A good with many close substitutes will have a highly elastic demand. This is because an increase in the price of the good will causes the consumers to purchase one of its cheaper substitutes.  

If both a diamond necklace and a heart valve for heart attack victims are priced the same, the price elasticity for the heart valve will be lower. This is because the diamond necklace is a luxury good but the heart valve is necessary for the survival of the victim.

6 0
2 years ago
On April 30, 2017, Tilton Products purchased machinery for $88,000. The useful life of this machinery is estimated at 8 years, w
Dmitriy789 [7]

Answer:

$6,666.67 and $10,000

Explanation:

The computation of the depreciation expense for the year 2017 and 2018 is shown below:

= (Original cost - residual value) ÷ (useful life)  

= ($88,000 - $8,000) ÷ (8 years)  

= ($80,000) ÷ (8 years)  

= $10,000

Since the machinery is purchased on April 30 and we assume the books are closed on December 31 so the number of months calculated is 8 months

Therefore for the year 2017 the depreciation expense is

= $10,000 × 8 months ÷ 12 months

= $6,666.67

And, for the year 2018 the depreciation expense is same i.e $10,000

6 0
2 years ago
A food handler's duties regarding food safety include all of the following practices EXCEPT: Prevention of food contamination Pe
katen-ka-za [31]

The answer to your question is,

Periodically test food for illness causing microorganisms.

-Mabel <3

7 0
2 years ago
Read 2 more answers
What are the 3 important reasons to reconcile bank and credit card as a set date ​
rodikova [14]

Answer:

1) To verify transactions have the correct date assigned to them. 2) To verify that an account balance is within its credit limit. 3) To verify that all transactions have been recorded for the period.

Explanation:

6 0
2 years ago
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