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2 years ago

The difference between a secured loan and unsecured loan is that the secured loan is

Business

2 answers:

SSSSS [86.1K]2 years ago

8 0

Answer:

Explanation:

A secured loan is a type of loan on which the borrower uses some assets for collateral . That means it is secured on the assets in the case of any default in terms by the borrower.

An unsecured loan on the other hand is a type of loan that is not secured on any assets . The risks related to this type of loan is higher as there is no security to cover or minimize the loss in the situation of a default in terms.

Looking at the definition given above , the difference between a secured and unsecured loan is that assets are promised by the borrower as security over a secured loan , hence the cost can be lower while in the unsecured loan , no asset is promised as security and the cost can be higher

zalisa [80]2 years ago

8 0

Answer:

has a lower interest rate

Explanation:

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On July 1, 2021, Tremen Corporation acquired 30% of the shares of Delany Company. Tremen paid $3,160,000 for the investment, and

Alenkasestr [34]

Answer:

Amount paid to acquire investments $3,160,000

Net income $1,100,000

Less: Yearly dividends (140,000*4) ($560,000)

Income after dividends $540,000

Share in income after dividends

for 6 months ($540,000 * 30% * 6/12) $81,000

Balance of investments of Tremen corporation $ 3,079,000

Hence, the balance of investments of Tremen corporation in Delany company is $3,079,000 .

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2 years ago

Wilma needed to fill a position that had been open for several weeks. she knew what her perfect candidate would be like but so f

s2008m [1.1K]

The decision making method that Wilma uses is the bounded rationality. It is a type of decision making with only a short time they acquire in deciding up decisions in which Wilma has been doing in the scenario above. This type of decision making also allows a person to decide with only the few decisions that couldn't suffice them. This decision making is being portrayed in the given scenario above.

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3 years ago

Cherokee Inc. is a merchandiser that provided the following information: Number of units sold 20,000 Selling price per unit $ 30

xenn [34]

In order to find Net Income as per traditional income statement, we will first require to calculate cost of goods sold as below:

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Less: Cost of Goods Sold..........................................................................(160000)

Gross Profit....................................................................................................440000

Less: Selling and Administrative Expenses

Variable Selling Expense.........................................................80000

Variable Admin Expense............................................................40000

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Fixed Admin Expense...................................................................30000

Total .......................................................................................................................(190000)

Net Income.............................................................................................................250000

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3 years ago

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You are assigned as the manager of risk management project for Health Network, inc. The attached case study provides brief intro

Grace [21]

Explanation:

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-Personal: These are the users who receive the benefits, such as all the potential clients, the doctors who provide their services, and all the personnel who work in the data centers.

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2 years ago

Scott tried to file a police report after being victimized by an identity thief. However, the police department was reluctant to

saul85 [17]

Answer:

Explanation:

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3 years ago

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