All categories

4 years ago

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

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

Marigold Company’s sales budget projects unit sales of part 198Z of 10,300 units in January, 12,000 units in February, and 13,50

leonid [27]

Answer:

Production Budget Jan 10,640 Feb 12,300

Direct Materials Budget Jan 45216

Explanation:

Production Budget = Sales + Desired Ending Inventory - Opening Inventory

The ending inventory for one month is the opening inventory for the next. We calculate the ending inventory for

Jan= 20% 0f 12000 units= 2400

Feb = 20% of 13500 units= 2700

Marigold Company

Production Budget

Jan Feb March

Sales Units 10,300 12000 13500

Add Desired

Ending Inventory 2400 2700

Less Opening 2060 2400 2700

Production Budget 10,640 12,300

Direct Materials Budget = Production Budget in pounds + Direct Materials Desired Ending Inventory - Opening Inventory Direct Materials

The ending inventory for one month is the opening inventory for the next. We calculate the ending inventory for

Jan= 40% 0f 49,200 units= 19680

Dec = 40% 0f 42,560 units= 17024

Dec Ending Inv= Jan opening Inventory

Marigold Company

Direct Materials Budget

Jan Feb

Production Units 10,640 12300

Pounds per unit 4 4

Production pounds 42,560 49,200

Add Desired

Ending Inventory 19,680

Less Opening 17024 19680

Direct Materials Budget 45216

5 0

4 years ago

Vandalay Industries manufactures two products: toasters and blenders. The annual production and sales of toasters is 2100 units,

Usimov [2.4K]

Answer:

a. Overhead cost per blender = $28.27

Explanation:

Overhead rate = $149,315 / 3,945

Overhead rate = $37.85

Overhead cost per blender = (Blender Direct labor hours * Overhead rate) / Units of blunder Produced and sold

Overhead cost per blender = (1,195 * $37.85) / 1,600

Overhead cost per blender = $45,230.75 / 1,600

Overhead cost per blender = $28.27

5 0

3 years ago

After an interview, you are told that the company is unsure of when a decision will be made. Because you have some time and want

bixtya [17]

Answer:

Send a separate letter to each interviewer ; Mention something you liked about the interview

Explanation:

Sending a follow up message to recruiters (interviewers) after few days of an interview about the status of your job application, assists in updating prospective employee & re-emphasises on the applicant's profile suitability for the job.

Writing a separate letter to each interviewer, mentioning something you like about the interview : Makes you build a good rapport with prospective employers, highlights your professional personality positive traits. It also appreciates the company for their selection procedure time spent on you as an applicant.

3 0

4 years ago

What do organisations need to consider when implementing best practice performance management systems?

kolbaska11 [484]

Answer:

Remember that performance review is NOT performance management. ...

Identify the purpose of managing performance. ...

Clarify the work to be done. ...

Set goals and establish a performance plan. ...

Conduct regular and frequent coaching. ...

Conduct a formal review of performance.

Explanation:

YOU COULD'VE JUST LOOKED IT UPPPPP AHAHAHHABHADGHVDBGVFHJF

7 0

3 years ago

When Kim and Liam move from spending 30 minutes of each hour producing pies and 30 minutes producing cakes to specializing in th

Novay_Z [31]

Answer:

A) 30 pies and 100 cakes.

Explanation:

Kim can produce 40 pies or 400 cakes an hour. Liam can produce 100 pies or 200 cakes an hour.

Since each one will specialize in the production of the good in which they have a comparative advantage, Kim will produce cakes and Liam will produce pies.

before specialization Kim produced 20 pies and 200 cakes, while Liam produced 50 pies and 100 cakes.

So the total gains from trade are:

50 pies - 20 pies = 30 pies
200 cakes - 100 cakes = 100 cakes

8 0

3 years ago