1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lena [83]
3 years ago
15

An individual borrowed money at the bank to send his daughter to college. Instead of purchasing Credit life insurance, he used a

n existing life insurance policy to secure the debt. This would be called a ___________
Business
1 answer:
padilas [110]3 years ago
4 0

Answer:

The correct answer is: Collateral Assignment.

Explanation:

Collateral assignment of a life insurance sets a lender as the beneficiary in front of the decease of the insured, so the benefits will be used to cover the debt of that loan. The lender could be the insured of the life insurance or anybody else the insured decides to appoint.

You might be interested in
Why are images and video important when you can simply describe what it is you want to explain?
Elodia [21]
<span>C. The responsible use of visuals can help keep your audience engaged, informed, and entertained.

That answer definitely seems the most reasonable. </span>
8 0
3 years ago
Read 2 more answers
A severe freeze has once again damaged the Florida orange crop. The impact on the market for orange juice will be a leftward shi
mezya [45]

Answer:

C. Supply Curve

Explanation:

Supply : Quantities sellers are able & willing to sell at a price , period . Determinants :  Price (price supply direct relationship - upward sloping curve) , Inputs Price , Other goods price , Technology , Govt Policy , Seasonal factors .

Change in supply due to Price is 'Change in Quantity supplied' , leads  to movement along the curve . Change in Supply due to other factors is 'Change in Supply' & shifts the curve

Damage of orange crop will decrease its supply & hence derived supply of its by product orange juice .

Since the decrease in supply is due to other (seasonal) factor , it will shift the supply curve - decrease it & leftward shift . This supply deficiency leads to excess demand raising the equilibrium prices finally .

5 0
3 years ago
You plan on supplementing your income. you would like to withdraw a semiannual salary of $6,951.20 from an account paying 1.75%
ValentinkaMS [17]
We are given with the data: A = <span>$6,951.20 per semi-annum that is $13902.4 per annum, i equal to 1.75% compounded semi-annually, and asked for P or the present worth to maintain the withdrawal for 15 years. 
the formula to be used is attached in the file (third one). substitute the i = 0.0175, n = 30, A = </span>$13902.4 and get P. 

5 0
3 years ago
An aging of a company's accounts receivable indicates that the estimate of uncollectible receivables totals $7,900. If Allowance
ad-work [718]

Answer:

option d) debit to Bad Debt Expense for $7,200

Explanation:

Data provided :

Total estimated uncollectible receivables of the company = $ 7,900

credit balance for the allowance for doubtful accounts  =  $ 700

Therefore,

the net bad debt expenses of the company = $ 7,900 - $ 700 = $ 7,200

Hence,

the<u> correct answer is </u><u>option d) debit to Bad Debt Expense for $7,200</u>

7 0
4 years ago
Suppose Robina Bank receives a deposit of $53,589 and the reserve requirement is 3%. Answer the questions using this information
g100num [7]

A) 2,679.45
B) 50,909.55
C) 1,071,780
Explanation:
The bank will keep 5% of the deposit:
53,589 x 5% = 2,679.45‬
Then, it will have in excess the remainder:
53,589 - 2,679.45 = 50,909.55‬
This amount can be used for another.
This makes a hypothetical loop. The borrower can also deposit and creating the chance or another loan and so on. The cycle repeats indefinitely
The maximum amount of new money can be determinate as follow:

53,589 / 0.05 = 1,071,780
3 0
3 years ago
Other questions:
  • Aundria's husband passed away in 2017. Since then, she has maintained a home for herself and her son, Brandon (15). If she does
    13·1 answer
  • Treasury stock shares are________________.a. unissued shares that are held by the treasurer of the corporation.b. part of the to
    6·1 answer
  • To ________, Lance, an HR manager, used reports from the U.S. Bureau of Labor Statistics and the U.S. Census Bureau for informat
    7·1 answer
  • You are considering investing $65,000 in new equipment. You estimate that the net cash flows will be $18,000 the first year, but
    15·1 answer
  • If union contracts raise wages above competitive levels, what might be one negative outcome?​
    10·1 answer
  • Does net periodidc pension cost show on the income statement?
    6·1 answer
  • Cash balance, December 1, 2016 is $18,200
    14·1 answer
  • Douglas, Inc., employs a normal costing system. The following information pertains to the year just ended. Total manufacturing c
    11·1 answer
  • Penn Corp. is analyzing the possible acquisition of Teller Company. Both firms have no debt. Penn believes the acquisition will
    8·1 answer
  • The analytic technique utilized after an adverse event occurs to prevent its recurrence is called?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!