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dexar [7]
3 years ago
13

_____________ is something of value that can be claimed by a lender if a loan is not repaid.

Business
1 answer:
maria [59]3 years ago
7 0

Answer:

Collateral

Explanation:

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You are offered Birr 1,000 today, Birr 10,000 in 12 years, or Birr 25,000 in 25 years. Assuming that you can earn 11 percent on
Usimov [2.4K]

Based on the amounts that you are offered and their present values, the offer you should pick is Birr 10,000 in 12 years.

<h3>Which offer should you pick?</h3>

You should pick the offer with the highest present value.

Offer 1 present value:

= Birr 1,000

Offer 2 present value:

= 10,000 / (1 + 11%)²

= Birr 2,858

Offer 3 present value:

= 25,000 / (1 + 11%)³

= Birr 1,840

In conclusion, option 2 has the highest present value and so should be picked.

Find out more on present value calculations at brainly.com/question/27821989.

#SPJ1

4 0
2 years ago
Confirmations that are sent to select customers asking them to review the current balance due the client as shown on the client'
nata0808 [166]

Answer:

The correct answer is letter "C": Positive confirmations.

Explanation:

Positive confirmations are audit procedures by which ambiguous information is clarified. It also implies the confirmation of the accuracy of the data provided in the company's books and Financial Statements. By doing so, liabilities, bank accounts, accounts receivables and payables amounts are verified.

4 0
3 years ago
PLEASE HELP FAST!!! What is the MOST likely reason that lottery winners often end up with serious financial problems?
zhuklara [117]

Answer:

taxes and no money management

Explanation:

some comes out of taxes and you do not know what to do with so much money

5 0
2 years ago
If the French bank Société Générale reported its 2019 net income was 23,561 million euros and its operating expenses totaled 16,
VashaNatasha [74]

Answer:

39,577 million euros

Explanation:

Calculation to determine the what was its gross profit

Using this formula

Gross profit=Net income+Operating expenses

Let plug in the formula

Gross profit=23,561 million +16,016 million

Gross profit=39,577 million euros

Therefore gross profit will be 39,577 million euros

3 0
3 years ago
Students can earn a GED by
AysviL [449]

Students can get a GED by

D) passing a test that awards a Certificate of High School Equivalency

Explanation:

GED has a bad rep among the students because it is not said to be favored by professionals or college but that is not the case entirely and one can be giving a GED for a various number of reasons.

If the person has not been able to cross high school for some reason and has been out of school for 10 months and does not want to wait another year, or simply cannot go for another year for the school they can get this test.

It is basically an equivalent test to the one that is usually touted to the kids as high school passing.

6 0
3 years ago
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