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1 year ago

A legal agreement that helps protect a lender if a borrower does not make required payments on notes or bonds is called a(n):

1 answer:

6 0

A mortgage is the legal agreement that helps protect a lender if a borrower does not make required payments on notes or bonds.

<h3>What is a mortgage?</h3>

This refers to the legal agreement by which a bank or society lends its money at interest in exchange for taking title of the debtor's property with the typical condition that the conveyance of title becomes void upon the payment of the debt.

Often, these mortgage also gives the lender a right to be paid from the cash proceeds of the sale of a borrower's assets identified with.

Hence, it is the legal agreement that helps protect a lender if a borrower does not make required payments on notes or bonds.

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What method is used to implement controls in the rm process?

Mariana [72]

<span>Convey a message by communication , organize, actualize, and coordinate the control's who, what, when, where, and how into Standard operating procedures, composed and verbal requests, mission briefings, and staff gauges with clear and straightforward execution requests.</span>

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3 years ago

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The stockholders' equity section of the balance sheet for Potawatomi Corporation appeared as follows before its recent stock div

adell [148]

Answer:

Common stock = $110,000

Additional paid-in capital = $130,000

Retained earnings = $170,000

Explanation:

Computation of the given data are as follows:

Common stock after issuing stock dividend = $100,000 + ( 10,000 ×10% × $10)

= $100,000 + 10,000 = $110,000

Additional paid-in capital after issuing stock dividend = 120,000 + ( 10,000 ×10% × $10)

= 120,000 + 10,000 = $130,000

Retained earnings after issuing stock dividend = 150,000 + ( 10,000 ×10% × $20)

= 150,000 + 20,000 = $170,000

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3 years ago

Parker Corporation has a job-order costing system and uses a predetermined overhead rate based on direct labor-hours to apply ma

AnnyKZ [126]

Answer:

Unitary cost= $62.5

Explanation:

Giving the following information:

Predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. At the beginning of the year, manufacturing overhead and direct labor-hours for the year were estimated at $50,000 and 20,000 hours.

Materials costs on the job totaled $4,000 and labor costs totaled $1,500 at $5 per hour.

First, we need to determine the allocated MOH:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 50000/20000= $2.5 per direct labor hour

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base= 2.5* (1500/5)= $750

Total cost= 4000 + 1500 + 750= $6,250

Unitary cost= 6250/100= $62.5

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3 years ago

Kaplan, Inc. produces flash drives for computers, which it sells for $27 each. The variable cost to make each flash drive is $13

horsena [70]

Answer:

Contribution per unit

= Selling price - Variable cost per unit

= $27 -$13

= $14

Contribution margin ratio

= Contribution per unit

selling price

= $14

$27

= 0.518518518

Break-even point in dollars

= $1,400

0.518518518

= $2,700

Explanation:

Break-even point in dollars equals fixed cost divided by contribution margin ratio. Contribution margin ratio is equal to contribution per unit divided by selling price. Contribution per unit is selling price minus variable cost per unit.

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3 years ago

What is authorize share

kap26 [50]

Answer:

Explanation:

Authorized shares are the number of shares that a corporation is legally allowed to issue, while outstanding shares have already been issued. Thus, the number of outstanding shares is always equal to or less than the number of authorized shares.

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3 years ago

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