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2 years 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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ABC Lawn Care service continuously makes an effort to set up multiple points of interaction with its customers. ABC wants to pro

Leya [2.2K]

Answer:

b. It emphasizes making a one-time sale

Explanation:

Relationship selling is a when a seller focuses on building connections with customers when selling a product. This is a longer term strategy to make repeat buyers of the customer.

The focus is not on price rather it is on interaction with customers.

One time sales therefore is not consistent with relationship selling.

In the given scenarionABC wants to provide lawn care every week to keep its customers' yards looking manicured and ultimately to develop a relationship with its customers.

This is an example of relationship selling.

8 0

3 years ago

Under the ______ method, the underwriter sells as many shares as possible but may or may not sell all of the new shares. multipl

malfutka [58]

Under the Best efforts method, the underwriter sells as many shares as possible but may or may not sell all of the new shares.

The best efforts method is used in the oil and gas industry to account for certain operating expenses sells as many shares as possible. Under the successful efforts method, a company only capitalizes those costs associated with the location of new oil and gas reserves when those reserves have been found.

The term best efforts refers to an agreement made by a service provider to do whatever it takes to fulfill the requirements of a contract. In finance, an underwriter makes a best efforts or good faith promise to the issuer to sell as much of their securities offering as possible. While the two parties come to an agreement for the sale of some securities, the underwriter doesn't guarantee to sell them all.

Best efforts is a term for a commitment from an underwriter to make their best effort to sell as much as possible of a securities offering.
It is also a general service agreement term used in place of a firm deliverable commitment.
The opposite is a firm commitment or bought deal, in which the underwriter buys all shares or debt and has to sell it all to make money.

Learn more about Best efforts method here

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7 0

2 years ago

There are several bridges along highway 280 which are free to ride on. This bridge was built and is being maintained by the gove

Oliga [24]

Answer:

The bridge 's owner has a natural monopoly, and the marginal production cost (letting another car drive through it) is close to nil.

Explanation:

Since building several bridges to compete is inefficient, but building one bridge at a lower average cost to customers would be effective. If the private monopolist builds the bridge it can charge customers exceptionally high prices.

There is a high fixed cost involved with constructing a bridge. Hence constructing a bridge is a mere privilege. Furthermore, there is no extra cost to allow another car to cross the bridge. It means that the marginal cost is zero or closer.

3 0

4 years ago

The command-and-control strategy for pollution reduction refers to

Sonbull [250]

The command-and-control strategy for pollution reduction refers to the standards on the methods used to reduce pollution. Command-and-control<span> (CAC) gives regulation sets that specific limits for </span>pollution<span> emissions and it defines methods and solutions how to reduce pollution. </span>

6 0

3 years ago

Adams Pointers Corporation expects to begin operations on January 1, 2019; it will operate as a specialty sales company that sel

Andrej [43]

Answer:

a) The Sales Budget for the 2019 first quarter will be:

January - $340,000

February - $391,000 (340,000 x 1.15)

March - $449,650 (391,000 x 1.15)

b) The amount of sales revenue to be reported for the first 2019 quarter is $1,180,650, i.e. the total of sales from January to March. This equals $1,180,650 (340,000 + 391,000 + 449,650).

c) The cash receipts schedule for the first quarter of 2019 will look like this:

January - 66% of $340,000 = $224,400.

February - 66% of $391,000 + 22% of $340,000 = $332,860.

March - 66% of $449,650 + 22% of $391,000 + 12% of $340,000 = $373,589.

Total cash receipts for the first quarter is $930,849 (224,400 + 332,860 + 373,589)

d) The amount of accounts receivable as of March 31, 2019 is $249,801 (the difference between total quarter sales of $1,180,650 and total quarter cash receipts of $930,849)

Explanation:

A Sales Budget is prepared to determine the sales outlook given certain units of sales at given price units based on prevailing business environment. It is an educated guess, like all estimates, to value the outcome of a company's sales efforts in the future.

The sales budget determines the revenue to be anticipated and reported. It is also the basis for cash receipts and the balance of the accounts receivable.

7 0

3 years ago