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
zhannawk [14.2K]
1 year ago
10

Salma bought a new car by getting a loan from a bank. If she fails to pay back the loan, the bank will claim the car. In this sc

enario, the car represents Group of answer choices a line of credit. a lockbox collateral an account payable
Business
1 answer:
Alenkasestr [34]1 year ago
8 0

The answer is collateral.

A valuable object is used as collateral to secure a loan.

Lenders' risk is reduced by collateral.

The lender has the right to sell the collateral if a borrower defaults on the loan in order to recover its losses.

Two examples of collateralized loans are mortgages and auto loans.

You can utilize other personal belongings, like a savings or investment account, to protect a collateralized personal loan.

The sort of loan frequently dictates the kind of collateral.

Your house serves as collateral when you take out a mortgage. If you obtain a car loan, the vehicle will serve as collateral.

Cars but only if they are fully paid off bank savings deposits, investment accounts, and other sorts of collateral are frequently accepted by lenders.

Retirement account collateral is typically not accepted.

Learn more about loans:

brainly.com/question/14997152

#SPJ4

You might be interested in
Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality
Ann [662]

Answer:

a) Determine which type of cars will be sold at the efficient allocation.

All cars would be sold in a Pareto efficient allocation.

In a Pareto efficient market, resources are all allocated in the most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.

b) Determine which type of cars will be sold at the market equilibrium.

Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.

Explanation:

the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620

3 0
2 years ago
Education is the basic requirement for profession.Explain this statement​
True [87]

Answer:

The answer is below

Explanation:

Education is considered the basic requirement for the profession because, through education, people get to learn the basic knowledge required to perform a profession.

For example, a medical doctor or physician profession requires education in core biological science subjects such as microbiology, human anatomy, medical rehabilitation, dentistry, etc.

Education gives the professional the knowledge to anticipate, predict, and carry out the right solution to any problem that needs to be solved under his or her profession.

For example, a civil engineer needs education in architectural and engineering drawing to translates the drawing into reality or an actual project.

5 0
2 years ago
The interest on the projected benefit obligation component of pension expense:__
Aleonysh [2.5K]

Answer:

Option b (reflects..................settled) is the right response.

Explanation:

  • The estimated beneficiary obligation was indeed unwounded by that of the identification of inflation rates through an investment that raises something both PBO reserve as well as the retirement expenditure between each duration.
  • The premium on either the expected advantage commitment portion including its pension cost illustrates the amounts beyond which the pension contributions will indeed be reasonably negotiated.

Any other option is not connected to that case. That's the right choice.

4 0
2 years ago
Zanny Moldings has the following estimated costs for the upcoming year:
Sloan [31]

Answer:

D) $31.

Explanation:

The computation of the predetermined overhead rate is shown below:  

Predetermined overhead rate = Estimated manufacturing overhead ÷ estimated direct labor hours

where,

Estimated manufacturing overhead is

= Salary of factory supervisor + Heating and lighting costs for factory + Depreciation on factory equipment

= $37,600 + $22,000 + $5,600

= $65,200

And, the direct labor hours is 2,100

So, the predetermined overhead rate is

= $65,200 ÷ 2,100

= $31

5 0
3 years ago
What should be the price of a stock with a beta of 0.7 that just paid a dividend of $1.25 that is expected to grow at 4% if the
Montano1993 [528]

Answer: $32.05

Explanation:

Beta = 0.7

Dividend = $1.25

Growth rate = 4%

Risk free rate = 3%

Market return = 10%

Since, Required return = risk free rate + beta × (market rate - risk free rate)

We will then slot in the values and.this will be:

= 3% + 0.7 × (10% - 3%)

= 3% + (0.7 × 7%)

= 3% + 4.9%

=7.9%

The price of the stock will then be:

= D1/(Required return-Growth rate)

=1.25 / (0.079 - 0.04)

= 1.25 / 0.039

= $32.05

4 0
3 years ago
Other questions:
  • If congress increases the minimum wage to $7.25 per hour, what happens to the demand for consumer goods as a result?
    15·2 answers
  • Distinguish between the short run and the long run. In the short​ run, ______. In the long​ run, ______.
    10·1 answer
  • 1. Companies like Uber, Lyft (one of Uber’s main competitors), and Airbnb (an online marketplace that enables people to lease or
    12·2 answers
  • Tom Tom LLC purchased a rental house and land during the current year for $150,000. The purchase price was allocated as follows:
    5·1 answer
  • If the price of chocolate-covered peanuts decreases from $1.10 to $0.90 and the quantity demanded increases from 190 bags to 210
    6·2 answers
  • In the global arena, the use of corporate codes of conduct to address labor issues is a lot like the use of ____________________
    5·1 answer
  • Moody Farms just paid a dividend of $4.00 on its stock. The growth rate in dividends is expected to be a constant 6 percent per
    6·1 answer
  • Llewelyn Company purchased 1,000 shares of its own $10 par value common stock when the market price of the stock was $36 per sha
    15·1 answer
  • You are the creative director at a Milwaukee ad agency. Today, your copywriters are presenting you with their ideas for several
    5·1 answer
  • Franklin transferred 952 photos from his phone in 17 minutes. At what rate does his phone transfer photos?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!