Answer:
It would take exactly 37 years
Explanation:
If we suppose that the economy starts at 10,000 billion dollars in 2020, the economy would only double by the year 2057, reaching a value of 20,399 billion dollars.
If we substract 2020 from 2057, we obtain 37, which is the number of years it took for this economy to double growing at a rate of 2% per year.
<span>A Dram shop law or Dram Shop Act is a rule in 38 different states that makes those who sell alcohol to patrons who are clearly far too intoxicated or too close to being dangerously over the limit are strictly liable for any injuries or damages caused by said drunk person. This is a Civil Liability.</span>
Risk-based financing is a way that lenders determine your interest rate for a loan based on how likely you are to repay that loan.
Answer:
A. Recapitalization
Explanation:
From the option given, the right answer is recapitalization. It was mistakenly written as recospitalization
Collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan.
Collateral is an asset that a lender accepts as security for extending a loan. If the borrower defaults on her loan payments, the lender may seize the collateral and sell it to recoup some or all of his losses. Collateral can take the form of real estate or other kinds of assets, depending on what the loan is used for.
From the options given;
a) Recapitalization is a type of corporate reorganization involving substantial change in a company's capital structure.
b) A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan.
C) Pledged collateral refers to assets that are used to secure a loan.
d) Minority business loans are a source of business funding offered exclusively to minority-owned businesses
From the explanations above, Epic Electronics borrowed $600,000 for expansion which means it's not a minor company if it could borrow that amount of money for expansion. The expansion will bring change in the company's capital structure and they will have to use RECAPITALIZATION as the title due to the purpose of the loan.
