1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ne4ueva [31]
2 years ago
15

Ashton borrows $25,000 from Amanda, who lends the money without taking an interest in collateral for the loan. Amanda is relying

on Ashton's credit standing when she made the loan. In this case, what kind of creditor is Amanda
Business
1 answer:
polet [3.4K]2 years ago
3 0

Amanda is kind of an unsecured creditor.

<h3>What Is an Unsecured Creditor?</h3>

An unsecured creditor is an individual or institution that lends money without obtaining specified assets as collateral. This poses a higher risk to the creditor because it will have nothing to fall back on should the borrower default on the loan.

If a borrower fails to make a payment on a debt that is unsecured, the creditor cannot take any of the borrower's assets without winning a lawsuit first.

In other word, An unsecured creditor is a creditor other than a preferential creditor that does not have the benefit of any security interests in the assets of the debtor.

Therefore, we can conclude tat the correct option is A. Amanda is kind of an unsecured creditor.

Your question is incomplete, but most probably your full question was:

Ashton borrows $25,000 from Amanda, who lends the money without taking an interest in collateral for the loan. Amanda is relying on Ashton's credit standing when she made the loan. In this case, what kind of creditor is Amanda?

A) an unsecured creditor

B) a secured creditor

C) an administrative claim creditor

D) a post-petition creditor

Learn more about Unsecured Creditor on:

brainly.com/question/2872411

#SPJ4

You might be interested in
Operating assets include cash, accounts receivable, and inventory but not any depreciable fixed assets.
IgorLugansk [536]
That statement is false.

WHAT ARE "OPERATING ASSETS"?
Operating assets are assets acquired for use of the ongoing operations of a business. 

OPERATING ASSETS INCLUDE:
Inventory, accounts receivable, & fixed assets.

WHY IS IT FALSE?
This statement would've been correct up until this point: "but not any depreciable fixed assets."
8 0
3 years ago
On March 1, 2018, Lewis Services issued a 6% long-term notes payable for $18,000. It is payableover a 3-year term in $6000 princ
GaryK [48]

Answer:

B) Cash A/c Dr $18,000

          To Long-Term Notes Payable $18,000

Explanation:

Since we have to pass the journal entry for the beginning year, so we have to record the issued amount also,

The journal entry is shown below:

Cash A/c Dr             $18,000

    To Long-Term Notes Payable     $18,000

(Being long term notes payable)

The principal installment amount should not be considered in the recording of the journal entry. Hence, it is ignored.

3 0
3 years ago
Nathan is a sales rep who, based on last year, averaged $2,200 of monthly commission before taxes. He should include
Ray Of Light [21]

False, Nathan should not include this in his budget.

When budgeting, there are several things that one should include such as:

  • net income
  • debt repayments
  • food
  • utilities
  • insurance
  • savings and others

Notice how one should include their net income not their gross income. Net income is what comes after tax and this is the disposable income that a person has and can spend from.

In conclusion, Nathan should only include his net income and as this commission is before taxes, he should not include it.

<em>Find out more at brainly.com/question/17474938.</em>

7 0
3 years ago
Money is to an economy what language is to communication. What does this statement mean?
Tasya [4]

Answer:

What does economy of language mean?

Explanation:

The economics of language is an emerging field of study concerning a range of topics such as the effect of language skills on income and trade, and the costs and benefits of language planning options, preservation of minority languages, etc. Language can be an expression of symbolic power.

8 0
3 years ago
If the economy experiences a recession with a current spending gap $1,000 below full-employment output, and the marginal propens
gtnhenbr [62]

Answer:

Change in Investment  (Government Spending) = $200

Explanation:

Multiplier = k =∆Y/∆I = 1/(1-MPC)

Needed ∆Y = $1000  ;  MPC = 0.8

1000/ ∆I = 1 / (1-0.8)

1000/∆I  = 1 / 0.2

1000/∆I  = 5

∆I  = 1000/5

∆I = 200

5 0
3 years ago
Other questions:
  • Lionel joined the International Council on Hotel, Restaurant and Institutional Education for career guidance. Which profession i
    5·1 answer
  • In what circumstances would business expenses be passed on to a client?
    12·2 answers
  • A marketing department at a large international organization is engaged in the statistical analysis and compilation of informati
    8·1 answer
  • Select all of the true statments about financial literacy
    13·1 answer
  • Which of the following would you expect to decrease the demand for tennis racquets?
    15·1 answer
  • Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ
    11·1 answer
  • What is a description of the prime rate?
    11·1 answer
  • According to the law of demand, as prices fall, ceteris paribus
    10·1 answer
  • Distinguish between the savings and investment options.
    14·1 answer
  • if there is an increase in the demand for a good, what will happen to the equilibrium price and quantity of the good exchanged?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!