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stepan [7]
3 years ago
7

What is considered a necessary loan

Business
1 answer:
aliya0001 [1]3 years ago
6 0

Answer:

Car loan, Student loan, Home loan are examples of necessary loans.

Plz click thxs or mark brainliest!

Yours Truly.

You might be interested in
oss Music Inc. reported the following selected information at March 31. 2022 Total current assets $262,787 Total assets 439,832
Alexxandr [17]

Answer:

Please see below

Explanation:

a. Current ratio

= Total current assets / Total current liabilities

= $262,787 / $293,625

= 0.89

b. Debt to assets ratio

= Total current liabilities / Total assets

= $293,625 / $439,832

= 0.67

c. Free cash flow

= Net cash provided by operating activities - Dividends - Capital expenditure

= $62,300 - $12,000 - $24,787

= $15,685

5 0
2 years ago
Kay, an art collector, promised Hammer, an art student, that if Hammer could obtain certain rare artifacts within 2 weeks, Kay w
IRINA_888 [86]

Answer:

Hammer would prevail against Kay based on:_______.

A. Unilateral contract.

Explanation:

A unilateral contract is a contract created by an offer that can only be accepted by performance. To form the contract, the party making the offer (called the “offeror”) makes a promise in exchange for the act of performance by the other party.

in relation to the case in the contract, Hammer had carried out the duties expected of him thus making the contract valid under a unilateral contract.  

since in a unilateral contract, the offer can only be accepted when the other party completely performs the requested action.

Hence  Hammer would prevail against Kay based on Unilateral contract.

5 0
3 years ago
The eventual result in the U.S. v. Microsoft case was: a. Bill Gates was sentenced to one year in prison for violations of the S
liraira [26]

Answer: C. The court concluded that Microsoft violated the Sherman Act

Explanation: The case between United States v. Microsoft Corporation which took place at the

United States Court of Appeals for the District of Columbia Circuit during the period February 26–27, 2001 and was finally decided June 28, 2001.

It was decided by the District Court that Microsoft violated the Sharma Antitrust Act of 1890.

4 0
3 years ago
The overwhelming majority of existing businesses are
JulijaS [17]

The answer is C. sole proprietorships.

8 0
3 years ago
Read 2 more answers
A machine purchased on 1/1/21 for $24,000 and on which $14,400 of Accumulated Depreciation has been recorded through 12/31/23 wa
Amanda [17]

Answer:

Gain on disposal = $7600

Explanation:

As the machine is sold on 1 April 2024, we first need to update the depreciation expense and charge the depreciation to the date. The depreciation has been charged till 1 December 2023. So, we need to charge the depreciation for three more months.

The formula for depreciation expense under straight line method is,

Depreciation expense per year = (Cost - Salvage value) / Estimated useful life

Depreciation expense per year = (24000 - 0) / 5

Depreciation expense per year =  $4800 per year

Depreciation expense for three months = 4800 * 3/12 = $1200

Accumulated depreciation 1 April 2024 = 14400 + 1200  =  $15600

To calculate the gain or loss on disposal, we first need to determine the net book value of asset and deduct it from the cash received on disposal.

NBV = Cost - Accumulated depreciation

NBV = 24000 - 15600

NBV = $8400

Gain on disposal = 16000 - 8400

Gain on disposal = $7600

6 0
3 years ago
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