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mestny [16]
2 years ago
13

A loan that is less risky for a lender and is associated with a valuable asset is called a(n) . Rayna needs to get a new set of

tires for her car, so she uses her credit card. If she does not pay her bills, there is no asset that can be collected. This means she has received a(n) . Jack agrees to take out a mortgage. If he fails to make his payments, the bank may repossess his house. He has received a(n) .
Business
2 answers:
kykrilka [37]2 years ago
8 0

A loan that is less risky for a lender and is associated with a valuable asset is called a <u>"secured loan".</u>

Rayna needs to get a new set of tires for her car, so she uses her credit card. If she does not pay her bills, there is no asset that can be collected. This means she has received an <u>"unsecured loan".</u>  

Jack agrees to take out a mortgage. If he fails to make his payments, the bank may repossess his house. He has received a <u>"secured loan".</u>


A secured loan is a loan which is normally given on a lien. It is ensured by an advantage/hardware. For instance, we can say that anchored advance is taken to a house or a vehicle and it is secured by the equivalent. As it is ensured by the advantage, the financing cost is lower than an unsecured loan and in the meantime, the bank of the advance feels safe.  

On the other hand, an unsecured loan refers to a loan which doesn't have any insurance. That is the reason the hazard natural in the loan gets upgraded. Furthermore, accordingly, the financing cost of the unbound credit is higher than the secured loan.

eimsori [14]2 years ago
4 0
1. secured
2.unsecured loan
3.secured loan
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Answer: a. Purchases, cash payments, and general

Explanation:

The accounts payable ledger has postings from the purchases journal, cash payments journal and the general journal.

The accounts payable ledger is also referred to as the creditors ledger because it shows the amount that a company owes its suppliers.

The purchase journal shows the record for the goods that a particular company buys on credit. Cash payments journal shows the transactions which the business pays in cash. The general journal shows business transactions when they take place.

Therefore, the correct option is A.

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3 years ago
The Association of Organic Food Growers, which does not include all organic farmers and ranchers, refuses to deal with any parti
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Answer:

a per se violation of antitrust law.

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The antitrust laws can be defined as those laws that are created by the US government to protect consumers from unfair means of competition in market. The aim of creating such laws is to ensure the protection of customers from corruptive business practices and also to ensure safe healthy competitive environment among same business companies.

<u>In the given scenario, the Association of Organic Food Growers is violating the antitrust law by boycotting farmers, ranchers, etc. The antitrust laws are violated by companies in several ways among them is by boycotting</u>.

Boycotting can be defined as an agreement between several companies that excludes a group of customers or market to avert them from buying aanyy goods or products.

This boycotting agreement is a per se violation of antitrust law.

5 0
2 years ago
Slick Sam has a special relationship with his banker. The nature of the relationship is as follows: The bank owes Sam $100 per y
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Answer:

X=97.24

Explanation:

PV = Present Value = X+2000 by the 16th years

PMT = Payments = $100

FV = Future Value = 2000 at the end of 16 years

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FV = pmt* ​((1+r)ⁿ - 1   )/r

Inputting the values;

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Therefore using the formula for PV for annuity;

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Hence, because of those issued transaction, Edwards Co. must provide the disclosure about the stock issuance in the footnotes included with the December 31, Year 1 financial statements

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The scenario that's illustrated by Wegman is simply known as A. Job enrichment.

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