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3 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]3 years ago

3 0

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

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Wolfpack Construction has the following account balances at the end of the year.

Artist 52 [7]

Answer:

Find the balance sheet below:

beginning retained earnings=$47,800-$39,800=$8,000

Explanation:

Net income for the year =service revenue-salaries expense=$38,000-$32,000=$6,000

retained earnings=net income=$6,000

Wolfpack Construction Balance Sheet as at year end

Non-current assets

equipment $25,000

land $17,000

Total non-current assets $42,000

Current assets:

cash $5,800

total current assets $5,800

Total assets $47,800

Common stock $12,000

retained earnings $6,000

total stockholders' equity $18,000

current liabilities:

accounts payable $2,800

notes payable $19,000

Total liabilities $21,800

Total liabilities and equity $39,800

The difference between the total assets and total equity plus liabilities may be due to beginning retained earnings figure which was not provided

5 0

4 years ago

The yield to maturity on a bond is currently 9.84 percent. the real rate of return is 3.29 percent. what is the rate of inflatio

Dima020 [189]

We are tasked to solve for the inflation rate where we know that it the level of the prices of the goods when and while the services are rising. We can use the approximation formula such as R = r + h where "R" is the nominal rate, the "r" for the real rate and "h" for the inflation rate.

Thus, solving the problem, we have:
9. 34 = 3.29 + h
h = 9.34 - 3.29
h = 6.05

The inflation rate is 6.05.

5 0

3 years ago

You have $1200 to invest in a bank account with an interest rate of 5.5%, compounded monthly. After how many years will your acc

nekit [7.7K]

Sick my ppgghf was fever gmyhrr the centnulPimi I’m

8 0

3 years ago

The process that individuals or groups go through to select, purchase, use, and dispose of goods, services, ideas, or experience

Eddi Din [679]

The process that individuals or groups go through to select, purchase, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and desires is known as Consumer Behavior.

<h3>Explanation:</h3>

The process that deals with the study of how the individuals and the organisations selects, purchases and uses and disposes the goods and services is the consumer behavior. These are done for the satisfaction of their wants and needs. The main thing that is associated with the consumer behavior is the motivation and psychology of the purchasing person.

It deals with the activities of the consumers in purchasing a particular product or services and the motivations that is responsible for that selection of the product. The consumer behaviors can be classified as habitual buying,complex buying variety-seeking buying and dissonance-reducing buying.

4 0

4 years ago

Blue Spruce Corp. purchased equipment for $17400 on December 1. It is estimated that annual depreciation on the computer will be

Paul [167]

Answer:

a. debit Depreciation Expense $ 290

credit Accumulated Depreciation $ 290

Explanation:

The depreciation has to be calculated for the month of December i.e one month.

The annual depreciation per the question is $ 3,480 so the monthly depreciation expense is $ 290.

The depreciation expense account is debited, and the credit is to accumulated depreciation account. The equipment account is not credited directly, This is to show the costs and the accumulated depreciation separately.

The equipment on the balance sheet is shown as net of accumulated depreciation.

8 0

4 years ago