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Gnesinka [82]
3 years ago
11

Roundwell, Inc. purchases a manufacturing plant for $15 million, by paying $5 million in cash as down payment, and borrowing the

remaining $10 million from Home Providence Bank. To secure the loan, Roundwell gives the plant as collateral to Home Providence Bank. What kind of collateral arrangement is in place between Roundwell Motors and Home Providence Bank?
Business
1 answer:
djverab [1.8K]3 years ago
8 0

Answer:

A Mortgage

Explanation:

A mortgage is a contract between two parties borrower and lender. In this agreement a bank or any other institution issues a loan against taking an title of an asset as a collateral that will become void if the mortgage is fully paid back with interest. The asset is taken as a security of the mortgage loan. The collateral should a specific asset that can be identifiable. Actual possession may not be transferred to lender only the ownership is transferred in many cases.

In this question the bank is taking a plant as a collateral from Roundwell Inc. against a mortgage loan of $10 million.

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Select the incorrect statement regarding the relationship between cost behavior and profits.
givi [52]

Answer:

C. In a pure fixed cost structure, the unit selling price and unit contribution margin are equal.

Explanation:

In Accounting, cost behavior is an indication of how costs in a firm reacts to change in activity levels. There are basically three types of cost behavior; fixed costs, variable costs and semi-variable costs.

The relationship between cost behavior and profits are;

- A pure fixed cost structure offers more security if volume expectations are not achieved.

- In a pure variable cost structure, when revenue increases by $1, so do profits.

- A pure variable cost structure offers higher potential rewards.

3 0
4 years ago
Which of the following is an example of a global strategy? Multiple Choice Consumer electronics companies developing different m
Tasya [4]

Answer:

Starbucks standardizing its products across the United States and other countries

Explanation:

When a company takes a global strategy, it means it is looking forward to competing and expanding itself in the global market. A global strategy represents the strategy and plans that a business implements to expand in other countries to profit more from the goods or services it offers abroad.

6 0
3 years ago
Determine whether each of the following topics would more likely be studied in microeconomics or microeconomics.
Jlenok [28]

Answer:

<u>The effect of government regulation on a monopolist's production decisions</u>

Explanation:

The effect of a large government budget deficit on the economy's price level

The superavit or deficit of the government is a macroeconomics subject.

The money market is also macroeconomics.

The impact of regulation or specifit taxes or tax extemption on a monopolist's production will be part of microecnomics, because it will impact on which level the monopolist's production finds equilibrium after the legislation.

4 0
3 years ago
Jennifer sees herself as a loving, caring mother and wife. She also sees herself as an accomplished professional. Finally, she s
Whitepunk [10]

The totality of Jennifer's thoughts and feelings about herself can be defined as a self-concept, which is based on her belief about herself and the responses of other individuals.

<h3 /><h3>What is the relevance of self-concept?</h3>

It helps in the formation of personality and behaviors based on self-esteem and life experiences to form your belief about yourself, being a motivational factor for positive or negative behaviors.

Therefore, through identity, body image, self-esteem and their role in society, an individual is able to form their self-concept.

The correct answer is:

C. Self-concept

Find out more about self-concept here:

brainly.com/question/890495

3 0
2 years ago
The National Income and Product Accounts allows us to relate ________ to ________ to ________. Group of answer choices household
sasho [114]

Answer:

gross domestic product (GDP), gross national product (GNP), and gross national income

Explanation:

5 0
3 years ago
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