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SCORPION-xisa [38]
1 year ago
9

Help needed soon

Business
1 answer:
hichkok12 [17]1 year ago
5 0

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.

#SPJ1

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Zooey is a single mother of two young children whose husband died in a tragic car accident. She earns $20,000 per year working a
dalvyx [7]

Answer:

b. She receives $10,000

Explanation:

Taxes owed = (1/4 of income) - $15,000.

Taxes owed = (1/4 x 20,000) - $15,000.

= 5,000 - 15,000 => -10,000

Hence, she receives $10,000 from the government.

A negative income tax is a system where people earning below a certain amount receive supplemental pay from the government instead of paying taxes to the government.

8 0
2 years ago
King Company issued bonds with a face amount of $1,600,000 in 2015. As of January 1, 2020, the balance in Discount on Bonds Paya
dangina [55]

Answer:

Dr Bonds payable 1,600,000

Dr Loss on redemption of bonds 36,800

    Cr Cash 1,632,000

    Cr Discount on bonds payable 4,800

Explanation:

Loss/gain on redemption  of bonds = carrying value - cash paid = ($1,600,000 - $4,800) - $1,632,000 = $1,595,200 - $1,632,000 = -$36,800 loss

7 0
3 years ago
During the current month, Wacholz Company incurs the following manufacturing costs. (a) Purchased raw materials of $17,500 on ac
scoundrel [369]

Answer and Explanation:

The journal entries are shown below:

a. Raw material inventory $17,500

        To Account payable $17,500

(Being raw material inventory purchased on account)

b. Factory labor $39,900

       To Factory wages payable $30,800

       To Employer payroll tax payable $9,100

(Being factory labor is recorded)

c.  Factory Overhead $16,170

        To Factory Utilities payable $3,500

         To Prepaid Factory property taxes $2,770

        To Accumulated Depreciation $9,900

(Being Manufacturing costs is recorded)  

6 0
3 years ago
Lisa is choosing between three alternatives:
Y_Kistochka [10]

Opportunity cost is something you gave up to do the other thing you want to do. This is basically the loss of potential gain you can have on a certain alternative because of choosing the other alternative. In this problem, the opportunity cost of writing the term paper is $140 dollars. This can be break-down as follows: 

a. $60 opportunity cost<span> she has given up for not</span> working<span> on her job</span> 

<span>b. $80 opportunity cost she has given up for not going out with a friend</span>

7 0
3 years ago
Read 2 more answers
Describe at least three risks your company might face if it participates in global trade.
igor_vitrenko [27]

Exchange rates, government policies, and shipping are three risks your company may face if it participates in global trade.

8 0
3 years ago
Read 2 more answers
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