Personal loans, home loans, student loans, auto loans, and other sorts of loans are among the most common.
What is a loan, in plain English?
A loan is a type of debt that a person or other entity incurs. The lender advances the borrower a certain amount of money, typically on behalf of a business, financial institution, or government. The borrower accepts a specific set of terms in return, which may include any financial costs, interest, a repayment schedule, and other requirements.
What are the different forms of loans?
An amount of money that a person or business borrows from a lender is known as a loan. It can be divided into three basic groups: conventional, open-end and closed-end loans, and unsecured and secured loans.
To learn more about loans from the given link.
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Answer:
Total Current Assets - $593,900
Explanation:
Current assets are resources that are easily used for business transactions.
These are assets that are usually accounted, sold or used by the business for one year or over the next period of time. Current assets include cash and cash equivalents, accounts receivable, merchandise inventory, and prepaid assets.
Thus, the total current assets of Skysong, Inc amount to $593,900 (Cash - $193,000, Accounts receivable - $140,000, Inventory - $171,000, and Prepaid insurance - $89,900).
Answer:
b. All of the answers are correct.
Explanation:
Death Spiral is a situation when a company's goods or services produced are declining and fixed cost is same. The company will be exposed to a burden of fixed cost if its output is reduced.
In this question the various departments of a company are underutilized. The fixed price allocated to each department will be same hence creating a burden on a company's funds. Managers may decide to reduce the services they use to reduce the cost of their department. The internal pricing system will start recovering the sunk cost of company. Managers will also consider purchasing services internally or externally whichever is cost effective. All of the statements are correct there b is correct option.
Answer:
A.
Explanation:
A trademark is a sign capable of identifying and distinguishing in the marketplace the products of one enterprise from those of other enterprises. The term “products” encompasses both goods and services.
The trademark can be different from the company business registration. A trade name cannot be registered as a trademark unless it also functions as a trademark.
TYPES OF TRADEMARKS
:
-Trade marks: to distinguish goods
-Service marks: to distinguish services
-Collective marks: to distinguish goods or services by members of an association
-Certification marks
-Well-known marks: benefit from stronger protection
-Trade name vs. Trade mark
Answer: The options are given below:
A. Tell the manager that you can't come up with an estimate in a few hours.
B. Ask the manager questions about the new office space to understand the impacted departments that will be located there, the level of finishes desired, etc. then use the budgets of previous similar projects as a guideline.
C. Create a work breakdown structure by using another previous project and create a bottom-up estimate for each work package.
D. Go through all office buildouts for the past five years. Calculate an average construction cost per square foot and multiply the 5,000 square feet by this cost per square feet to calculate the budget
Explanation: The correct answer is B. Ask the manager questions about the new office space to understand the impacted departments that will be located there, the level of finishes desired, etc. then use the budgets of previous similar projects as a guideline.
Aisha is an experienced project manager, and project managers work with plans, budgets, and timelines. This case would not be different, and in order for Aisha to come up with a credible estimate, she will need specifics from the manager about certain aspects of the new project.
All the information she gathers from the manager will help in forming an educated estimate.