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Ivanshal [37]
3 years ago
15

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

Business
1 answer:
Tomtit [17]3 years ago
6 0

Answer: A

Explanation: There is a higher risk for banks when they give an unsecured loan. Secured loans have a collateral to back the loan, whereas unsecured loans are not a secure (hence the name).

Hope this helps!

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Mustang Corporation has accumulated the following accounting data for the month of April:
algol [13]

Answer:

b. $120,100.

Explanation:

The movements in the Inventories account over a period is as a result of goods manufactured (which results in an increase in the account balance) and goods sold ( which results in a decrease in inventory).

As such,

let the cost of goods sold be F

$30,200 + $114,500 - F = 24,600

$30,200 + $114,500 - 24,600 = F

F = $120,100

The cost of goods sold is $120,100.

7 0
3 years ago
Handling materials $ 625,000 100,000 parts Inspecting product 900,000 1,500 batches Processing purchase orders 105,000 700 order
Verizon [17]

Answer:

Part 1:

Single plant overhead rate=$17.44/hour

Part 2:

For Deluxe Model:

Overhead Cost=$43,600

For Basic Model:

Overhead Cost=$104,640

Explanation:

Part 1:

Single plant overhead rate for the year:

Single plant overhead rate for the year=Total expected Cost/direct labor hours

Total Expected Cost= Handling materials+Inspecting product +Processing purchase orders+Paying suppliers+invoices Insuring the factory +Designing packaging

Total Expected Cost=$625,000+$900,000+$105,000+$175,000+$300,000+$75,000

Total Expected Cost=$2,180,000

Direct labor hours= 125,000 hours

Single plant overhead rate=\frac{\$2,180,000}{125,000}

Single plant overhead rate=$17.44/hour

Part 2:

For Deluxe Model:

Overhead Cost=Single plant overhead rate*Direct labor hours

Overhead Cost=$17.44/hour*2,500 hours

Overhead Cost=$43,600

For Basic Model:

Overhead Cost=Single plant overhead rate*Direct labor hours

Overhead Cost=$17.44/hour*6000 hours

Overhead Cost=$104,640

5 0
3 years ago
A person's debt-to-income ratio describes.
Mamont248 [21]

Answer:

D. how much the person has borrowed compared to how much he or she earns​

Explanation:

A person's debt-to-income ratio, abbreviated as DTI, is a measure of a person's monthly debt obligation against their monthly gross income. It shows the fraction or percentage of gross income that is committed to debt repayments. Lenders use the debt-to-income ratio to assess a borrower's ability to repay future loans.

Calculating the debt-to-income ratio requires one to add up all their existing loan repayments and divide that figure with their gross income. Lenders insist on a ration that does not exceed 36% as per the 28/36 rule.

7 0
2 years ago
Read 2 more answers
Susan’s employer has a compensation package that includes vacation pay, retirement, and life insurance, but it allows employees
Ierofanga [76]

Answer:

Cafeteria Plan

Explanation:

This compensation plan allow employee to choose benefit of their choices from the number benefit available

8 0
3 years ago
Companies based outside the United States that are thinking about entering the U.S. market will need to comply with this country
Elanso [62]

Answer:

a is the answer brainliest

Explanation:

8 0
3 years ago
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