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2 years ago

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Secured and unsecured loans differ in cost because A secured loan typically has lower interest rates costing less; an unsecured loan typically has higher interest rates costing more.

<h3>How are secured and unsecured loans different?</h3>

A secured loan is one that is backed by the assets of the person being loaned the money. If the person is unable to pay, the asset is seized.

Unsecured loans are not backed by any assets which means that the lender will have nothing to claim in default. This makes these type of loans risky which is why they command more interest.

Find out more on unsecured loans at brainly.com/question/17077155.

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In 2016, General Dynamics Corporation began selling a new line of products that carries a two-year warranty against defects. Bas

Shtirlitz [24]

Answer:

C) 38,000

Explanation:

The estimated warranty liability for 2017:

= [2016 sales x (first + second year warranty costs)] + [2017 sales x (first + second year warranty costs)] - (warranty expenses for 2016 and 2017)

= [$600,000 x (2% + 5%)] + [$800,000 x (2% + 5%)] - ($20,000 + $40,000)

= $42,000 + $56,000 - $60,000 = $38,000

4 0

4 years ago

At October 1, 2015, Padilla Industries had an accounts payable balance of $40,000. During the month, the company made purchases

Evgesh-ka [11]

Answer:

The amount of account payable on October 31, 2015 would be $25,000.

Explanation:

Given information -

Opening account payable balance on October 1 - $40,000

Purchase made in the month of October is - $33,000

Now by adding both the opening balance and purchase , we will get the total amount to be payable for the month of October,

$40,000 + $33,000

= $73,000

Now it is given that Padilla industries have made some payments on account - $48,000

Subtracting this amount paid from total account payable , we will get how much amount is left to be paid in October ( 31 )

$73,000 - $48,000

= $25,000

7 0

3 years ago

An executive committee of a company includes one CEO, one General Manager, 3 Assistant General Managers, and 4 Executive Manager

Vesna [10]

Answer:

A decision will be taken based on unanimous consensus which should be a fall out of constructive considerations of all the possible angles.

Explanation:

Under usual circumstances, the executive committee should comprise of the chairperson, vice-chairperson, secretary, and treasurer.

This, however, depends on the organization's corporate governance rules.

Decision making at the executive level in healthy organisations is not made based on one's ability to wield power or by the person or persons who wield the most authority.

The best decisions are those which uphold the highest logic. They should be taken regardless of who has suggested it for this is the attribute of superior minds - the ability to submit to a higher logic or solution regardless of its source.

Cheers

4 0

4 years ago

Macon Publishing reports the following information about resources. At the beginning of the year, Macon estimated it would spend

Nonamiya [84]

Answer:

$10,000

Explanation:

Calculation to determine what The unused resource capacity for setups for Macon Publishing is:

Using this formula

Unused resource capacity =Clerical resources used -[(Clerical rate per page*Pages typed)

Let plug in the formula

Unused resource capacity=$20,000 – ($20*500)

Unused resource capacity=$20,000-$10,000

Unused resource capacity = $10,000

Therefore The unused resource capacity for setups for Macon Publishing is:$10,000

8 0

3 years ago

Locus Company has total fixed costs of $112,000. Its product sells for $35 per unit and variable costs amount to $25 per unit. N

igomit [66]

Answer:

12,320 units

Explanation

First we have to determine the target profit.

Desired Profit = $112,000 x 10% = $11,200

Now we will calculate the contribution margin which is a net value of selling price and variable cost.

Contribution margin = Sales - Variable cost

Contribution margin = $35 - $25

Contribution margin = $10 per unit

Formula for target sales is as follow

Target Sales = ( Fixed cost + Target profit ) / Contribution margin

Target Sales = ( $112,000 + $11,200 ) / $10

Target Sales = $123,200 / $10 = 12,320 units

5 0

4 years ago

Read 2 more answers