Answer:
True
Explanation:
Collateral is an asset used as a guarantee or security for the payment of a loan. It assures the lender that a borrower will pay back the loan.
If an entrepreneur applies for a business loan, the bank will most likely demand collateral. The entrepreneur will need to offer an asset, either property or motor vehicle, that will act as a guarantee for the loan. Should the entrepreneur fail in repayment, the bank can sell the asset to recover their money.
Few, if any, will lend anyone money based on a business idea alone. Many banks will demand a business proposal to be backed with some guarantee to secure funding.
Answer:
Equivalent units for materials are 68,400 units
Equivalent units for conversion are 66,800 units
Explanation:
Eighted average costing adds the value of beginning invventory in the period cost to calculate the average cost per unit.
According to this method the equivalent units formula is as follow
Equivalent Units = Unit completed and transferred to Finished goods + Units in Work in Process x Completion percentage
Material
Equivalent Units = 62,000 + 8,000 x 80% = 68,400 units
Conversion
Equivalent Units = 62,000 + 8,000 x 60% = 66,800 units
<span>If city a is located 35° west of city b, the time at city a is earlier that at city b. This is because the earth usually rotates form west to east which is counterclockwise when observed from above. The rotation of the earth gives us course of the day.</span>
Answer:
Stock's beta = 0.65 (Approx)
Explanation:
Given:
Correlation = 0.49
Standard deviation of stock (SDs) = 33% = 0.33
Standard deviation of market (SDm) = 25% = 0.25
Find:
Stock's beta
Computation:
Stock's beta = Correlation(SDs) / SDm
Stock's beta = 0.49 (0.33) / 0.25
Stock's beta = 0.65 (Approx)
Answer:
Beta Corp.
A. Arnold = Agent (Arnold exercises significant power on behalf of the Beta's Board of Directors).
B. Carol = Agent-Employee (Carol does not exercise significant power on behalf of the principal (the Board of Directors of Beta). Instead, she is subject to Beta's control)
C. Dave = Agent-Employee, just like Carol. He is a mere employee subject to Beta's control.
D. Fred = Independent Contractor because he controls and directs the result of his work, though he does not decide the work or how it should be done.
Explanation:
Principal = a person who assigns the agent to act on her behalf.
Agent = a person who the principal authorizes to exercise significant power on her behalf.
Agent-employee = an employee of a company. The employee does not exercise the right of control and direction of the results of her work.
Independent contractor = a person who exercises the right of control and direction for work result, and not how and what is done.