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Brums [2.3K]
3 years ago
9

Roundwell Motors purchases a manufacturing plant for $15 million, pays $5 million in cash as down payment, and borrows the remai

ning $10 million from Home Providence Bank. To secure the loan, Roundwell gives the plant as collateral to Home Providence Bank. What kind of collateral arrangement is in place between Roundwell Motors and Home Providence Bank?
Business
1 answer:
Sergeu [11.5K]3 years ago
6 0

Answer:

mortgage

Explanation:

A mortgage is the most common type of loan when someone buys a house or apartment. Your bank lends you money and in exchange it takes the property title of your house or apartment as collateral until you finish paying your debt. The same applies for businesses that need to buy real property.

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1 point
Alenkinab [10]
Capital

Have a good day
6 0
3 years ago
Brick-n-Go, a construction firm, is in need of a construction superintendent whose primary responsibilities involve organizing,
Masteriza [31]

Answer:

content validity

Explanation:

Content validity is a type of test that measures the conduct, knowledge, ability or capacity of the subject (in this case the job applicant).

Brick-n-Go is carrying out this test to measure the abilities and knowledge that the job applicants have regarding the recognition of real life construction errors.

6 0
3 years ago
You recently received your real estate sales​ license, and you now represent a seller in a popular new subdivision where buyers
Dennis_Churaev [7]

Answer:

Promotion.

Explanation:

The aim of promotion is to increase awareness, create interest, generate sales or create brand loyalty. Promotion is also one of the elements in the promotional mix or promotional plan.

5 0
3 years ago
The adjusting entry for a prepaid expense includes a debit to a(n) ______ account
ziro4ka [17]

The adjusting entry for a prepaid expense includes a debit to a expense account and a credit to an asset account.

<h3>What is adjusting entry ?</h3>

An adjusting journal entry  can be described d as the  entry in a company's general ledger which is been carried out at end of an accounting period in order to have the record of any unrecognized income or expenses.

It should be noted that The adjusting entry for a prepaid expense includes a debit to a expense account and a credit to an asset account.

Find out more on adjusting entry at :

brainly.com/question/13933471

#SPJ1

4 0
2 years ago
Which ics functional area arranges for resources and needed services.
sleet_krkn [62]

The ICS functional area that arrange for resources and needed services is known as logistics.

<h3>What is ICS?</h3>

ICS is an acronym for Incident Command System. It is a management system designed to enable effective and efficient domestic incident management.

The five major ICS functional areas are:

  • Command
  • Operations
  • Planning
  • Logistics
  • Finance/administration.

Hence, Logistics as an ICS functional area is responsible for arranging for resources and needed services to support achievement of the incident objectives.

Learn more about ICS here : brainly.com/question/10695996

3 0
2 years ago
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