Answer:
Rate of return is 20%
Explanation:
Rate of return is the actual return received on a investment. In this question Blaser Corporation invested $1,075,000 in asset and earned a income of $216,000. So the rate of return is as follow
Rate of return = Income received / Investment in Assets = $216,000 / $1,075,000 = 0.200 = 20%
Answer: While not usual they can be held responsible for all business debts.
Explanation: If you pledge a asset as a collateral a creditor may be able to take said asset and sell it.
