1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Naily [24]
4 years ago
6

Secured debt means a lender gives you money in exchange for what?

Business
1 answer:
Pie4 years ago
8 0

Secured debt means a lender gives you money in exchange for collateral. Collateral is what is given to someone to secure the repayment of a loan if for some reason the loan can not be repaid. For instance, you give someone your lawn mower and borrow $400, in the agreement it states that the lawn mower was given as collateral, in the event the $400 does not get paid back. If the money is paid back, the lawn mower is given back. If not, the lawn mower is kept.

You might be interested in
Which of the following is not a purpose of adjusting entries? a. To establish the proper amounts of assets and liabilities in th
Aleks04 [339]

Answer:

The most sui

Explanation:

7 0
3 years ago
Why Can't You Buy Xiaomi Mi Band 4? Here Are 5 Facts That You Should Know
Rasek [7]

Answer:

What????

What is the question?

5 0
3 years ago
The power to grant or withhold budget requests of agencies may be one of ________ most potent weapon in controlling the bureaucr
skad [1K]

Answer:

_Congress's_

Explanation:

The power to grant or withhold budget requests of agencies may be one of __Congress's______ most potent weapon in controlling the bureaucracy.

It the Congress who is responsible for the the budget allocation and distribution for the agencies according to The american constitution. This how they control the bureaucracy.  

6 0
3 years ago
Testbank Multiple Choice Question 122 On January 1, 2012, Bramble Corp. purchased for $768000, equipment having a useful life of
-BARSIC- [3]

Answer: $28,300

Explanation:

The gain that Bramble will recognize will goes thus:

First and foremost, we have to calculate the accumulated depreciation on the equipment and this will be:

= (768,000 - 36,000)/10 x 9

= 658,800

After that, we would find the value of the net Bmbook value on Dec 31, 2020 and this will be:

= 768,000 - 658,800

= 109,200

The gain will then be:

= Sales value - Net book value

= 137,500 - 109,200

= 28,300

7 0
3 years ago
In most societies, resources are allocated by
Maksim231197 [3]
In most societies, resources are allocated by the combined action of millions of households and firms.
Resources are very important to setup and build societies. Resources are scare and this is the reason why societies and households faces many decisions. How societies manage scare resources, we study this in economics.
7 0
3 years ago
Other questions:
  • You are a single person with no dependents, earning a salary of $47,810. You have no adjustments to your income. Use the informa
    10·1 answer
  • Amy has a very demanding job over which she feels she has no control or decision-making responsibility. she is experiencing
    12·1 answer
  • The manager at Rainbow International prepares a Cost of Quality report to report the following expenses:Inspection of raw materi
    11·1 answer
  • Mary Willis is the advertising manager for Sheffield Shoe Store. She is currently working on a major promotional campaign. Her i
    7·1 answer
  • HIV and hepatitis b and c are incurable blood born pathogens
    10·1 answer
  • A member firm receives a large block order to buy 100,000 shares of XYZ stock, which is not actively traded. Which customer(s) o
    11·1 answer
  • Answer of question no 2​
    8·1 answer
  • Consider a mutual fund with $219 million in assets at the start of the year and with 12 million shares outstanding. The fund inv
    11·1 answer
  • . Empirical estimates suggest the following price elasticity of demand: 0.6 for Coca Cola; 4.0 for foreign vacation travel; and
    13·1 answer
  • You are the account manager for an Internet service provider. A customer contacts you and complains that her recent billing stat
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!