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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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Hayes Bakery has sales of $30,600, costs of $15,350, an addition to retained earnings of $4,221, dividends paid of $469, interes
scZoUnD [109]

Answer:

$8,013

Explanation:

The computation of the amount of the depreciation expense is shown below:

The net income is

= An addition to retained earnings + cash dividend paid

= $4,221 + $469

= $4,690

Now the earning before tax

= (Net income) ÷ (1 - tax rate)

= ($4,690) ÷(1 - 0.21)

= $5,937

Now the earning before tax and interest is

= $5,937 + $1,300

= $7,237

So, the depreciation expense is

= $30,600 - $15,350 - $7,237

= $8,013

8 0
3 years ago
Which of the following changes in the loanable funds market will decrease the equilibrium real interest rate?
LuckyWell [14K]

Answer:

The answer is Option C

Explanation:

Any event that would either decrease the demand for loanable funds or increase the supply of loanable funds will decrease the equilibrium interest rates. Supply of loanable funds is affect by the amount of national savings. National savings in turn, is the sum of private savings, public saving and net capital inflow.

In option C, capital inflows are increasing. This means that there would be an excess supply of money in the economy which can be converted into loanable funds. This would, therefore, push the supply curve to the right thereby reducing the real interest rate equilibrium.

7 0
3 years ago
A farmer decides she wants to grow certified organic corn and sets out to meet all usda standards to do so. her crop grows well
disa [49]
<span>Crop rotation. Crop rotation is growing a series of dissimilar or different types of crops in the same plot in sequenced seasons. Peas, like other legumes, are nitrogen fixing crop. They recover depleted nitrogen and other nutrients squeezed out by the organic corn, making nitrogen available to the soil for use again. This practice takes advantage of the uniqueness of each crop make use of diverse natural and ecological resources present in the soil to maximize yield and increase output. The organic corn requires a lot of nutrient for root growth and with repeated use, the available nutrients has gotten depleted. Planting legumious crops which are good nitrogen-fixers will help to recover lost nutrient.</span>
7 0
3 years ago
Calculate Payroll An employee earns $44 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume th
Marrrta [24]

Answer: $1750

Explanation:

Given Data

Earnings = $44/ hr

Overtime Earnings = 1.5 times Of $44

= $66

Hours worked during the week = 55 hrs

Social security tax rate = 6.0%

Medicare tax rate = 1.5%

Federal income tax = $633

Therefore:

Gross pay = Normal pay + overtime pay

Normal pay

= $44 * 40 hrs

= $1760

Overtime pay

= $66 * 15 hrs

= $990

Gross pay = $1760 + $990

= $1750

Social security tax

= 0.06 * $2750

= $165

Medicare tax

= 0.015 * $2750

= $41.25

Total tax

= $633 + $41.25 + $165

= $839.25

Net pay

= $2750 - $839.25

= $1910.75

6 0
3 years ago
Anthony is putting together an employee group to help add new technology to his company's existing products. He is seeking emplo
Zarrin [17]

Answer:

True

Explanation:

True, but to achieve full success Anthony should manage his millennials properly. Despite being labeled as 'tech savvy, flexible, adaptable,  they need to feel their voices are being heard,  they're part of a team, so they will generate a stronger and stronger sense of commitment.

7 0
3 years ago
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