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3 years ago

Which of the following is most likely to represent a fixed rate, secured debt?

Business

2 answers:

myrzilka [38]3 years ago

4 0

A student loans are more professional and stiff

vladimir1956 [14]3 years ago

3 0

Answer:

D A dealer financed auto loan

Explanation:

A secured debt refers to a loan that is guaranteed by an asset like a house and a fixed rate means that the interest rate doesn't change during the term of the loan. According to this, the option that most likely represent a fixed rate, secure debt is a dealer financed auto loan because it can have a fixed rate and the loan can be guaranteed by the car.

The other options are not right because it could be possible that they have a fixed rate but they don't have a collateral that backs up the loan.

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Communities and countries with greater income inequality tend to have higher rates of crime and higher rates of drug use. These

aksik [14]

False Communities and countries with greater income inequality tend to have higher rates of crime and higher rates of drug use. These relationships are examples of positive correlations

<h3>What is income?</h3>

Income is the consumption and saving opportunity gained by an entity over a given time period, which is usually expressed in monetary terms. Income is difficult to define conceptually, and definitions vary across fields.

Income is defined as the amount of money received by a person, group, or company over a specific time period. A salary of $70,000 per year is an example of income.

Income is money received by an individual or business in exchange for labor, the production of a good or service, or the investment of capital. Individuals typically earn money through wages or salaries, whereas businesses make money by selling goods or services for more than their cost of production.

To know more about income follow the link:

brainly.com/question/25845157

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7 0

1 year ago

Describe the steps involved in closing the books. What’s is the most important output of the accounting cycle? What would happen

yuradex [85]

The steps involved in closing the books are as follows:

Closing the Revenues

Closing the Expenses

Closing the net income

Closing the dividend and withdrawals

The most important output of the accounting cycle is the financial statement like balance sheet and Income statement. If the books were never closed, then the business would never be able to know the financial position for a particular accounting period.

8 0

3 years ago

If a price ceiling is set above the equilibrium price in a market rev:a. rationing will be necessary. b. surpluses of the commod

olga_2 [115]

Answer:

b. surpluses of the commodity will develop

Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.

If price ceiling is set above equilibrium price, suppliers would increase supply while consumers would reduce demand. This would lead to an excess supply and surplus in the economy.

When price ceiling is set above equilibrium price, it is known as a non binding price ceiling.

I hope my answer helps you

4 0

3 years ago

Warner Company purchases $50,000 of raw materials on account, and it incurs $60,000 of factory labor costs. Supporting records s

andriy [413]

Answer:

WIP Assembly DEBIT 24,000

WIP Finishing DEBIT 26,000

Raw materials Inventory CREDIT 50,000

WIP Assembly DEBIT 35,000

WIP Finishing DEBIT 25,000

Wages Payable CREDIT 60,000

Explanation:

Our first goal is to calculate the diference to get the finishing values

50,000 raw materials

assembly 24,000

50,000 - 24,000 = 26,000

Finishing 26,000

60,000 labor cost

Assembly 35,000

60,000 - 35,000 = 25,000

Finishing 25,000

Now we proceed to do the entries:

WIP Assembly DEBIT 24,000

WIP Finishing DEBIT 26,000

Raw materials Inventory CREDIT 50,000

WIP Assembly DEBIT 35,000

WIP Finishing DEBIT 25,000

Wages Payable CREDIT 60,000

<u>Important:</u> There is no information about a finished goods or transfer from one process to another, so we should assume both are still in progress and no transfer to either one or finished goods were made.

So the values are transfer to the WIP of each department.

4 0

3 years ago

Why is producing a high quality product important to rolls royce ?

Mashcka [7]

Answer:

So the buyer wants the car.

Explanation:

Many people buy a rolls royce due to the high quality and they are on the knowledge that it is manufactured with high quality.

7 0

3 years ago