Answer: over-borrowing.
Explanation:
credit cards function like this: you can "buy" a lot of things with it, including very very expensive things. this is because instead of really buying that product, you borrow money from the bank to buy it. you then have to pay it off in slower amounts of money over time until youve paid off the original cost of the product and more because the bank will most likely charge interest.
sounds great, right?
it is, until you cant afford to pay those smaller amounts of money. then, it starts to build up and if you still cant afford to pay the bank, they will begin to liquidize your physical assets (they take your stuff as payment, really anything, even your house can be taken.)
Answer:
Being a businessman and being charitable at the same time is just next to impossible at the time of expanding one's firm.
Explanation:
A business person's main motive has to be his ability to expand, so that he reaches that particular stage to do some charity for his fellow citizens. If you look at the unemployment part, then you must know that every person is somehow talented and in countries like the US, no one lives unemployed.
Therefore, it is necessary for a business person to calculate the cost factors, that does not only include the cost of labors, but also the cost of exporting the materials to Bangladesh and the cost of importing the final products. Then he needs to compare the total cost making the shoes in Bangladesh with making them via the US labors, and then take the decision accordingly.
The statement "The value of an item where the borrowers owned but they are not at the repossession risk" is to be true.
The unsecured loan is the type of loan in which there is no need for any type of collateral property.
The lender does not takes the assets of the borrower as the security but it gives the approval of an unsecured loan depends upon the creditworthiness of the borrower.
Examples are:
- Personal loans.
- Students loans.
- Credit cards.
The following information related to unsecured loans is
- It does not for cars, houses, or any other large purchases
- In this, the collateral does not involve.
- It contains high interest.
Therefore we can conclude that, option d is correct.
Learn more about the unsecured loan here: brainly.com/question/8347317
Answer:
Share Authorized = 100,000 Shares
Share issued = 70,000
Share outstanding = 66,000 shares
Explanation:
Data provided in the question:
Number of shares Gagne Corporation allows the issuance = 100,000 shares
Number of shares Gagne sold to shareholders = 70,000
Number of shares reacquired by Gagne = 4,000
Now,
Share Authorized = Number of shares Gagne Corporation allows the issuance
= 100,000 Shares
Share issued = Number of shares Gagne sold to shareholders
= 70,000
Share outstanding = Shares issued - Number of shares reacquired
= 70,000 - 4,000
= 66,000 shares
