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3 years ago

What is a secured loan

2 answers:

8 0

" A secured loan is, a loan in which borrower pledges some asset as calateral for the loan, which them becomes a secured dept owned to the creditor who gives the loan."

laiz [17]3 years ago

4 0

B.a loan that requires collateral

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Scientific management foucuses on increasing efficiency at increasing operating efficiency at the _ level of management

elixir [45]

Step by step ur +GO TO DA MOON +* GO TO DA MOON+* GO TO DA MOON+* GO TO DA MOON+* GO TO DA MOON+* GO TO DA MOON+* GO TO DA MOON+* GO TO DA MOON+* GO TO DA MO

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3 years ago

A company had service revenue of $257,000, rent expense of $10,700, utility expense of $4,200, salary expense of $19,200, deprec

Reil [10]

Answer:

Income summary has a $208,630 credit balance before being closed

Explanation:

The closing entries should be:

Dr Service revenue 257,000

Cr Income summary 257,000

Dr Income summary 48,370

Cr Rent expense 10,700

Cr Utility expense 4,200

Cr Salary expense 19,200

Cr Depreciation expense 9,700

Cr Advertising expense 4,570

Income summary

Debit Credit

18,370 257,000

208,630

In order to close income summary:

Dr Income summary 208,630

Cr Retained earnings 208,630

If you want to close dividends:

Dr Retained earnings 18,700

Cr Dividends 18,700

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3 years ago

In declining markets: 1. the only effect advertising will have on primary demand is to slow the rate of decline.2. advertisers a

vovangra [49]

Answer: 1. The only effect advertising will have on primary demand is to slow the rate of decline.

Explanation: Declining markets are those that have gone from maturity - where sales stay flat or may even climb occasionally - to multiple periods where there are decreasing sales. This drop in sales is the first and most obvious sign of a declining market and lower sales quickly lead to other attributes.

Common characteristics of the decline stage include a decrease in sales, an increasing difficulty to make a profit, and a decrease in advertising.

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3 years ago

Plastic Company purchased 100 percent of Spoon Company's voting common stock for $666,000 on January 1, 20X4. At that date, Spoo

ziro4ka [17]

Answer: $68,600

Explanation:

Investment Income using Equity method = Plastic company Share in income of Spoon company - Depreciation on Assets

Plastic Company share in Income of Spoon Company = 100% * 78,000 = $78,000

Land cannot be depreciated so only Equipment will be depreciated.

= 94,000/10 years

= $9,400

Investment Income using Equity method = 78,000 - 9,400 = $68,600

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3 years ago

A business concept is a concise description of an opportunity that does not include

chubhunter [2.5K]

it contains four elements:
the product or service 
the customer 
the benefit
the distribution

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3 years ago