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
gregori [183]
4 years ago
13

Zachary graduated from college. He paid for much of his education with student loans. These loans are not backed by any specific

asset.
Zachary's student loans are an example of what type of loan?

secured loan
unsecured loan
mortgage loan
auto loan
Business
2 answers:
ira [324]4 years ago
6 0

Answer unsecured loan

Explanation:

Shtirlitz [24]4 years ago
4 0

Answer:

unsecured loan

Explanation:

Loans that are issued without the need for collateral are unsecured loans.  The loans are not backed by any financial asset.  A lender will use different criteria to qualify a borrower for unsecured loans. Should a client with an unsecured default, the bank does not have rights to the physical properties of the client.

In most cases, banks will have schemes through which customers qualify for unsecured loans. For example, a bank can negotiate with its corporate clients for the employees' to qualify for unsecured loans. There also schemes for students and clients with good credit scores to get unsecured loans.

You might be interested in
Interests are the specific items or terms you actually negotiate and are generally the first thing that we think of when we anti
fomenos

Interests are the specific items or terms you actually negotiate and are generally the first thing that we think of when we anticipate negotiating - False

<h3><u>Explanation:</u></h3>

Interest refers to the things that we actually like to get. When we list an item in our interest list we will get that item without any negotiation. Items that are in our interest list are those that we use regularly and there will be no second item for its displacement. We will get these items even when the cost of the item is more.

When the things that are not in the list of our interest we will start negotiation. This is because these items are not mandatory for us and even when the price of the particular item is not reduced we will ignore and buy something instead of it. Thus, the specific items of our interest will not the first thing we anticipate for negotiation process.

4 0
4 years ago
Johnson &amp; Johnson has a reputation for being a company with high levels of corporate social responsibility to all of its sta
Lera25 [3.4K]

1. Organizations have the knowledge and resources to do good in the community, so they are responsible for helping others.

Explanation:

<u>Companies that exist for the sake of making profits are prone to do it at the expense of other social and economic structures</u>. Thus, social responsibility is an important part of running a big firm with massive resources that can be put to this use.

Companies have think tanks, monitory and administrative advantages to do Social work that many organisations simply can't and if they do it,<u> it produces greater trust among the public and clientele too, along with a loyal worker base too.</u>

3 0
3 years ago
_____ are revenue and spending items in the federal budget that change with the ups and downs in an economy so as to stabilize d
kicyunya [14]

Answer:

Automatic stabilizers

Explanation:

Examples of automatic stabilizers are income tax and government welfare spending. They adjust immediately to minimise the effect of fluctuations in the economy.

For example in a recession, income tax reduces and government welfare spending increases. In a boom, income tax increases and government welfare spending falls.

I hope my answer helps you

6 0
3 years ago
The fair value of the plant and equipment was $60,000 more than its recorded carrying amount. The fair values and carrying amoun
Savatey [412]

Answer:

$20,000

Explanation:

The question is missing some parts:

Penn Corp. paid $300,000 for the outstanding common stock of Star Co. At that time, Star had the following condensed balance sheet:

Carrying amounts

  • Current assets $40,000
  • Plant and equipment, net $380,000
  • Liabilities $200,000
  • Stockholders' equity $220,000

After a company is acquired, the parent company (the buyer) must record all the assets and liabilities at fair market value. In this case, the fair market value was higher than the carrying value by $60,000, therefore, the value of Penn's P,P&E must increase from $380,000 to $440,000. So total assets = $480,000, liabilities = $200,000, so equity = $480,000 - $200,000 = $280,000.

Since Goodwill represents the amount of money paid in excess of equity value, then Goodwill = $300,000 - $280,000 = $20,000

6 0
3 years ago
Telecom uses activity-based costing to allocate all manufacturing conversion costs. Telecom produces cellular​ telephones; each
damaskus [11]

Answer:

$84.00

Explanation:

The cost of machining per phone will be calculated as;

Machine time required x cost per machine hour

Here Given is:

6 hours of machine time

$14.00 per machine hour rate

6 hours × $14.00 = $84.00

8 0
3 years ago
Other questions:
  • On January 15, 2016, Bravo Company purchased $4,000 of construction supplies, on account, from the Zulu Company. Prepare Bravo C
    10·1 answer
  • Labor unions and businesses in the heavy equipment industry have asked the u.s. congress to place a tax on imported equipment in
    7·1 answer
  • In order to ensure success, what are the five rules you need to follow before going into business for yourself
    14·1 answer
  • g You earn $40,221 at your job and must pay 11% of your income in taxes. You then decide to save 8% of your disposable income. H
    14·2 answers
  • "Christopher is a hard-working entrepreneur who looked into all the details of his small gaming software business. He focused on
    5·1 answer
  • If the inflation rate was 3.00% and the nominal interest rate was 8.00% over the last year, what was the real rate of interest o
    7·1 answer
  • Rob Herndon, an accountant with Southwest Airlines, wants to retire 50% of Southwest Airlines bonds by 2038. Calculate the payme
    5·1 answer
  • Ashley transfers property with a tax basis of $5,000 and a fair market value of $3,000 to a corporation in exchange for stock wi
    14·1 answer
  • Marigold Inc. purchased land at a price of $29,900. Closing costs were $2,650. An old building was removed at a cost of $12,030.
    14·1 answer
  • Which of the following is most likely a true statement about​ services? A. Services can be easily separated from their providers
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!