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Sidana [21]
3 years ago
8

A loan guaranteed with property is called?

Business
1 answer:
tigry1 [53]3 years ago
4 0

the name is mortgages

explanation=Mortgage Notes are promissory notes guaranteed with a document called a partnership that mortgages property rights as collateral for loans. ... However, if a "point" assessment is imposed by the lender, the total amount received by the borrower is less than the nominal value of the note.

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The journal entry to record the purchase of equipment for a $140 cash down payment and a balance of $480 due in 30 days would in
Tju [1.3M]

Answer:

Option C. A debit to Equipment for $620, a credit to Cash for $140, and a credit to Accounts Payable for $480.

Explanation:

The reason is that the equipment has been acquired by the business which is worth $620 and this means that the equipment which is asset in nature must be increased by it fair value which is $620. The purchase of equipment requires the payment of $140 at the spot which means that the cash asset will be reduced by $140 and the remainder $480 will be paid in future which means that the current liabilities will be increased by $480.

Increase in Equipment (fixed asset) is debited by $620.

Decrease in Cash (asset) is credited with $140.

Increase in current liability is always credited and in this case must be credited with $480.

Journal entry in nutshell is as under:

Dr Equipment $620

Cr Cash Account          $140

Cr Accounts Payables  $480

7 0
3 years ago
A stadium is considering an offer from Mass Insurance to change the name to Mass Stadium. The company is offering to pay $1,000,
tino4ka555 [31]

Answer:

b) 1,250,000

Explanation:

1,000,000+ 250,000 = 1,250,000

8 0
3 years ago
What is an example of what a business would write a check for​
Helga [31]

Answer:

To pay in taxes, to purchase goods to make things if the business is a factory etc. hope this helps

Explanation:

7 0
3 years ago
Half of brainly rn <br> ...............
Svetach [21]

Answer:

it is one-fourth of the no whose half is taken

3 0
3 years ago
Read 2 more answers
a bacteria population starts with 200 bacteriaa and grows at a rate of r(t) = (450.268)e 1.12567t bacteria per hour. How many ba
Virty [35]

Answer:

11,513

Explanation:

Data provided in the question:

Initial bacteria = 200

Growth rate r(t) = (450.268)e^{1.12567t}

Now,

Total growth after 3 hours = \int\limits^3_0 {(450.268)e^{1.12567t}} \, dt

or

Total growth after 3 hours = 450.268\int\limits^3_0 {e^{1.12567t}} \, dt

or

Total growth after 3 hours =450.268[\frac{e^{1.12567t}}{1.12567}]^3_0

[ ∵ \int{d(e^x)}{dt}=\frac{e^x}{\frac{dx}{dt}}]

Thus,

Total growth after 3 hours = 400 × [{e^{1.12567t}]^3_0

or

Total growth after 3 hours = 400 × [{e^{1.12567(3)}-e^{1.12567(0)}]

or

Total growth after 3 hours ≈ 11313

Hence,

Total bacteria after 3 hours = Initial bacteria + Total growth after 3 hours

= 200 + 11313

= 11,513

4 0
3 years ago
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