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Fittoniya [83]
3 years ago
10

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

Business
2 answers:
salantis [7]3 years ago
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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Kubin company’s relevant range of production is 20,000 to 23,000 units. when it produces and sells 21,500 units, its average cos
Afina-wow [57]
<span>The cost per unit is derived from the variable costs and fixed costs incurred by a production process, divided by the number of units produced. Hypothetically lets say variable costs for Kubin company's production is $50,000 and their fixed costs are $25,000. $50,000 variable costs + $25,000 fixed costs / 21,500 units = $3.49/unit.</span>
6 0
3 years ago
BatCo makes metal baseball bats. Each bat requires 1 kg of aluminum at $18 per kg and 0.25 direct labor hours at $20 per hour. O
aalyn [17]

Answer:

Cost variance= 7 unfavorable

Explanation:

Giving the following information:

Each bat requires 1 kg of aluminum at $18 per kg and 0.25 direct labor hours at $20 per hour. Overhead is assigned at the rate of $40 per direct labor hour. Assume the actual cost to manufacture one metal bat was $40.

Estimated cost= 18 + 0.25*20 + 0.25*40= 33

Actual cost= 40

Cost variance= 7 unfavorable

5 0
3 years ago
The environmental protection agency was formed in 1970 and began to monitor the environmental impact of united states companies,
Lorico [155]

The environmental protection agency was formed in 1970, Exchange in the immediate environment is this an example of Governmental bodies and the firm.

<h3>What was the goal of the 1970 Environmental Protection Act quizlet?</h3>
  • This act's objective is to "promote productive and joyful harmony between man and his environment." In 1970, the Environmental Protection Agency (EPA) was established. The cleanup of toxic waste left behind from decades of unrestricted dumping was its primary focus.
  • The Environmental Protection Agency's principal responsibility is to regulate environmental law. It was founded in 1970. They put in place programs to reduce pollution and protect the environment. Describe the federal rules and regulations in place to protect the environment from air pollution.

To learn more about Environmental Protection Agency  refer,

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7 0
1 year ago
[The following information applies to the questions displayed below.] Laser Delivery Services, Inc. (LDS), was incorporated Janu
Rasek [7]

Answer:

a.

Date          Account Details                                  Debit                       Credit

                 Cash                                                $27,000

                 Common Stock                                                                 $27,000

b.

Date          Account Details                                  Debit                       Credit

                 Land                                                 $9,000

                  Notes Payable                                                                  $9,000  

c.

Date          Account Details                                  Debit                       Credit

                 Vehicles                                           $18,000

                 Cash                                                                                 $2,000

                 Notes Payable                                                                 $16,000

d.

Date          Account Details                                  Debit                       Credit

                 Vehicles                                               $800

                 Cash                                                                                    $800

e. This does not require a journal entry as it is a personal transaction.

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3 years ago
$7,700 net monthly income - What amount would you use for needs for the month? *
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