A loan is usually gotten from a financial institution to solve a financial emergency which was unplanned for.
<h3>What is a Loan?</h3>
This refers to the obtaining of money from a financial institution and a formal agreement is made for the repayment of the money after a given period of time and with interest.
With this in mind, we can see that loan proceeds can be used to:
- Buy a house
- Go on a trip, etc
Please note that your question is incomplete so I gave you a general overview to help you get better understanding of the concept.
Read more about loans ere:
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The answer to the given question above would be the third option. Based on the given scenario above about Ryan who attended a seminar on environmental conservation, what he can do to achieve his objective is to <span> use a compost pile to dispose of food wastes. Hope this helps.</span>
Answer:
16.71%
Explanation:
The computation of the bank reserve ratio is shown below:
= Cash reserves ÷ total deposits × 100
where,
Cash reserve is $10,000
And, the total deposits would be
= Checking deposits + saving deposits
= $20,000 + $40,000
= $60,000
Now put these values to the above formula
So, the ratio would equal to
= $10,000 ÷ $60,000 × 100
Answer: The asset's cost minus its accumulated depreciation.
Explanation: The book value of equipment owned by a company is the total worth of a company if it liquidated all its assets and substracted it's liabilities.
For easy computation it can be described as the Value of the Assets minute the accumulated depreciation for an equipment that depreciates according to time. Book value is of importance to the business as it helps to show what amount is actually the worth of a company when liquidated.
Answer:
Uniform cost capitalization rules
Explanation:
Uniform capitalization rules of the Internal Revenue Code Section 263A specifies certain cost of labor, material, other direct and indirect cost to be capitalized and reported as inventory cost. Under this rule, all cost incurred in producing an asset, whether direct cost or indirect cost must be capitalized. The rule is to address the differences in assessment between those that manufacture their assets and those that buy outright.
