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.
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Answer:
Direct labor rate variance= $594 unfavorable
Explanation:
Giving the following information:
The standard direct labor cost per hour is $7.20.
During August, Zanny's water ski radio production used 6,600 direct labor-hours at a total direct labor cost of $48,708.
<u>To calculate the direct labor rate variance, we need to use the following formula:</u>
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Actual rate= 48,078/6,600= $7.29
Direct labor rate variance= (7.20 - 7.29)*6,600
Direct labor rate variance= $594 unfavorable
Answer:
The important thing to remember here is that the interest is compounded semi annually, which means twice a year. When the 1st interest is compounded, the second interest is calculated on that new amount.
(11,500 + (11,500×6%)) = $ 12,190
(12,190 + (12190×6%)) = $ 12921.40
Explanation:
Answer:
true
What does MARKET CLEARING mean? ... In economics, market clearing is the process by which, in an economic market, the supply of whatever is traded is equated to the demand, so that there is no leftover supply or demand
there for the answer is true
Answer:
A small amount of inflation can be really good for the economy. It can boost consumer demand and consumption. This encourages spending and investing.
