Answer: Banks don't have any collateral for student loans
Explanation:
Students loans are the loans that are collected by the students so that they can be able to finance higher education. The loans can be gotten from private lenders such as bdnkd or by the government.
Student loans usually guaranteed by the government due to the fact that banks do not have any collateral for student loans but such students can be traced by the government in the case of default on the student's part.
Therefore, the correct option is D.
Answer:
Amounts owed to suppliers for products and/or services purchased on credit.
Explanation:
Accounts payable are basically short term debts that a company has with its suppliers. E.g. a retailer purchases goods from a wholesaler on terms n/30. In this case, the accounts payable would be the amount of money owed to the retailer. There is no specific time frame for an accounts payable, since it varies depending on the credit that the supplier gives. E.g. sometimes a supplier will sell on a 45 day credit period, or even 60 day period.
Answer:
$25,000
Explanation:
Lupo Company's equity = owner's equity + retained earnings
- owner's equity = $15,000 (initial investment) - $2,000 (withdrawal) = $13,000
- retained earnings = net income = total revenue - total costs = $35,000 - $23,000 = $12,000
Lupo Company's equity = $13,000 + $12,000 = $25,000
Decrease in price of a substitute. Increase in price of a complement. Decrease in income if good is normal good.
Answer:
Principal
Explanation:
A loan can be defined as the lending of money, property, etc by one party to another party. A loan is more often than not given out by financial institutions.
The money is loaned between parties, the original amount borrowed by the receiving party is called the PRINCIPAL.
This principal begins to reduce as soon as the money starts to be paid back.
Every principal(loan) has an interest. The interest is always at a particular rate, spread over a period of time, etc.
Cheers.
