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4 years ago

What is a sercured loan

Business

1 answer:

VARVARA [1.3K]4 years ago

6 0

Answer:

Secured loan is as below

Explanation:

A secured loan is money that you borrow by offering an asset as collateral. The lender will hold on the asset until the full loan amount is paid back. A secured loan is a good option when borrowing a large amount of money. It attracts low-interest rates.

Lenders consider secured loans less risky because the customer provides a valuable asset as a back-up should they fail to repay. Homes and land are the most common properties used as collateral for secured loans.

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Swifty Company has just received the August 31, 2020, bank statement, which is summarized below.

OverLord2011 [107]

Answer:

A. Correct cash balance $15,396

Correct cash balance $15,396

B. Aug 31 2020

Dr Cash $1,436

Cr Notes receivable $1,381

Cr Interest revenue $55

Aug 31, 2020

Dr Bank service charges $28

Cr Cash $28

Aug 31, 2020

Dr Supplies expenses $18

Cr Cash $18

Explanation:

A. Preparation of a bank reconciliation dated August 31, 2020

Bank reconciliation

Balance as per bank statement august 31, 2020 11,170

Add Cash on hand $428

Add Deposit in transit $5,248

Less: Outstanding checks ($1,450)

Correct cash balance $15,396

Balance as per books august 31, 2020 (13,879+48,335-48,208) $14,006

Add: note and interest collected $1,436

Less:Bank service charges ($28)

Less Understated for supplies ($18)

($165+$147)

Correct cash balance $15,396

B. Preparation of the adjusting entries.

Aug 31 2020

Dr Cash $1,436

Cr Notes receivable $1,381

($1,436-$55)

Cr Interest revenue $55

Aug 31, 2020

Dr Bank service charges $28

Cr Cash $28

Aug 31, 2020

Dr Supplies expenses $18

Cr Cash $18

($165+$147)

5 0

3 years ago

Is a principal liable for the tortious actions of the principal’s agent?

Helen [10]

Answer: A principal is someone who gives legal authority to another to act on his or her behalf in a business relationship. Therefore, the principal can be held directly liable for the agent's torts, or wrongful acts giving rise to a civil cause of action.

Hope this helps!! :)

8 0

2 years ago

Economist george stigler once wrote that, according to consumer theory, “if consumers do not buy less of a commodity when their

lyudmila [28]

George Stigler is a known American economist and according to his theory the Consumer theory, he quoted that <span>“if consumers do not buy less of a commodity when their incomes rise, they will surely buy less when the price of the commodity rises.” This means that when consumers do not purchase a certain product even if their incomes increases, that is considered normal, but when the product increases in value, we can expect that these consumers will buy less of the product.</span>

5 0

4 years ago

Read 2 more answers

In addition to a control condition, a functional analysis typically consists of what test conditions?

Blizzard [7]

Answer:

The correct option is c. Alone.

Explanation:

Note: This question is not complete as it omitted the options. The complete question with the options is therefore provided before answering the question as follows:

In addition to a control condition, a functional analysis typically consists of what test conditions?

a. Contingent attention

b. Contingent escape

c. Alone

d. All of these

The explanation of the answer is now provided as follows:

Functional analysis is a type of psychological formulation that is used to figure out how human behavior works. Functional analysis is a method of assisting in comprehending the reason a person acts the way he does.

In functional analysis, there are four conditions: three test conditions (social positive (attention), social negative (escape), and alone, as well as a control condition (play).

Therefore, the correct option is c. Alone.

3 0

3 years ago

Quantum Inc. has warrants outstanding that allow the holder to purchase 1.5 shares of stock per warrant at $30 per share (exerci

svet-max [94.6K]

Answer:

A. $9.00

B. $3.00

C. Decrease

Explanation:

a. Calculation to determine the intrinsic (minimum) value of this warrant

Using this formula

I = (M – E) × N

Where,

I represent Intrinsic value of a warrant

M represent Market value of common stock

E represent Exercise price of a warrant

N represent Number of shares each warrant entitles theholder to purchase

Let plug in the formula

I=($36 – $30) *1.5

I=$6*1.5

I = $9.00

Therefore the intrinsic (minimum) value of this warrant is $9.00

b. Calculation to determine the speculative premium on this warrant

Using this formula

S = W – I

Where,

S representSpeculative premium

W represent Warrant price

I represent Intrinsic value.

Let plug in the formula

S=$12-[($36 – $30) *1.5]

S=$12 – $9

S = $3.00

Therefore the speculative premium on this warrant is $3.00

c.What should happen to the SPECULATIVE PREMIUM as the expiration date approaches is for it to DECREASE and thereby approach $0.

6 0

3 years ago