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2 years ago

Why does an unsecured loan have a higher interest rate than a secured loan?

2 answers:

6 0

The banker has a set amount he or she can say yes it ok for the loan .
after that the banker has to ask the manager then the manger has to ask people higher up so what happens is in the bank when they have to get others opinions what happens is they share the cost of the loan if not payed back as a loss to both not just one

sergey [27]2 years ago

3 0

Your answer would most likely be A.) The bank bears all the risk of the loan.

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Of all the types of managers, managers of global social media campaigns are the ones who need not be aware of the cultures of th

Eduardwww [97]

Answer:

False

Explanation:

Of all the managers, managers of global social media campaigns are the ones who need to be most aware of the cultures in the countries in which they operate.

6 0

3 years ago

(bank deregulation some economists argue that deregulating the interest rates that could be paid on deposits combined with depos

muminat

Base on my research this type of argument is baseless but it depends on the 100% free enterprise market system. With this system, the government doesn't have regulatory powers to protect the interest of the consumers from the financial institutions. In a situation that without the interest rate modulation, the rate charged on loans could be 40% while the rate paid on savings could be 1%. If this happens the financial institutions will not have to pay FDIC insurance to ensure the solvency of the overall system.

3 0

2 years ago

Excerpt from Areojet Corporation records for month of February: Per Unit Per Month Selling price $ 200,000 Direct materials used

EastWind [94]

Answer:

Work in process= $192,000

Explanation:

Giving the following information:

Direct materials used in production 40,000

Direct labor 10,000

Variable manufacturing overhead 2,000

Fixed manufacturing overhead $ 140,000

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Work in process= 40,000 + 10,000 + 2,000 + 140,000

Work in process= $192,000

7 0

2 years ago

On January 2, 2013, Gant Co. purchased a franchise with a useful life of five years for $60,000 and an annual fee of 1% of franc

inysia [295]

Answer:

$48,000

Explanation:

The computation of the amount that should be reported as the intangible asset franchise is shown below

= Purchase value of franchise - amortization per year

= $60,000 - ($60,000 ÷ 5 years)

= $60,000 - $12,000

= $48,000

hence, the amount that should be reported as the intangible asset franchise is $48,000

6 0

2 years ago

In the _____ stage of selecting information technology projects, organizations select information technology projects. a. projec

Rainbow [258]

In the Resource Allocation stage of selecting information technology projects, organizations select information technology projects.

Explanation:

The first step of a planning process to align the information technology strategic plan to the organization's overall strategic plan

The project planning stage refers to that stage of project planning which involves , selecting information technology projects, organizations and defining the scope of the project , benefits, and constraints of the same

The business area analysis stage of information technology planning outlines business processes that are central/important in achieving strategic goals and helps determine which ones could most benefit from information technology.

So,it is in the Resource Allocation stage of selecting information technology projects, organizations select information technology projects.

3 0

2 years ago