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3 years ago

1. An example of an unsecured debt is a(n) _____. (1 point)

2 answers:

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1) A student loan is an example of an unsecured debt. A secured debt is when a person has something as collateral like their automobile.

2) Unsecured debts usually have higher interest rates when compared to something with a secured debt.

marusya05 [52]3 years ago

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1. An example of an unsecured debt is a<u> "student loan".</u>

Unsecured debt is an advance that isn't sponsored by a fundamental resource. Unsecured debt incorporates credit card debt , doctor's visit expenses, service bills and different kinds of advances or credit that were reached out without a security prerequisite. This kind of debt exhibits a high hazard for banks, likewise alluded to as the loan boss, since they may need to sue for reimbursement if the borrower doesn't reimburse everything owed.

2. Unsecured debt interest rates are usually <u>"higher"</u> when compared to secured debt.

An unsecured loan has no insurance. This implies interest rate will be higher on the grounds that the bank is going out on a limb on the advance. When you don't pay, the bank does not have an immediate plan of action on the advance. They can sue you for absence of installment and potentially decorate your wages later on, yet they can't remove your home from you.

Banks have less risk when they do secured loans and in that capacity offer lower interest rates on them.

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Accounting profit differs from economic profit because:

Mariana [72]

Answer:

The correct option is D,economic costs are generally higher than accounting costs because economic costs include all opportunity costs, while accounting costs include explicit costs only.

Explanation:

Economic costs are usually higher because economic costs comprises of both implicit and explicit costs whereas accounting profit calculation only consider the explicit costs.

Explicit costs are the costs that require actual cash flows from the business such as the payment of rent,salaries and many more.

However,implicit costs are not real costs in actual term,they are costs of forgone benefits such as the salaries the business owner if he takes employment elsewhere.

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3 years ago

Read 2 more answers

________ was the first secure payment intermediary allowing anyone to pay with credit cards and bank accounts without sharing hi

Sauron [17]

Papal was the first secure payment intermediary allowing anyone to pay with credit cards and bank accounts without sharing his or her financial information for online purchases.

A bank is a financial institution that has the authority to accept deposits and make loans. There are different types of banks such as retail banks, commercial banks, and investment banks.

The function of banks is to collect deposits from the public and lend them for the development of agriculture, industry, commerce, and commerce. Banks pay interest to depositors at lower interest rates and receive interest on loans at higher interest rates.

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1 year ago

Imagine that you invest $100,000 in an account that pays 5.9% annual interest compounded monthly. What will your balance be at t

kodGreya [7K]

The compound interest formula is: $A= P(1+ \frac{r}{n} ) ^{nt}$
Where:
A is the amount you will have.
P is the money you are investing.
r: is the interest rate (in decimals)
n: number of times the interest is compounded per year
t: time (in years)

The first thing is converting the rate from percentage to decimal:
$\frac{5.9}{100} = 0.059$

Since the interest is compounded every month and a year has 12 months n=12.

Now we can replace the values in our formula:
$A=100000(1+ \frac{0.059}{12} ) ^{(12)(18)}$

We can simplify the exponents to get:
$A=100000(1+ \frac{0.059}{12} ) ^{216}$

Finally, we can use our calculator to get 288463.33

After 18 your balance in your bank account will be $288463.33

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3 years ago

In the long run a company that produces and sells kayaks incurs total costs of $15,000 when output is 30 kayaks and $20,000 when

den301095 [7]

I am not sure what your other choices are, but this choice is not correct.

Economies of scale deal with marginal costs and NOT total costs. You would always expect TOTAL costs to go up when you produce more of an item, even when you have economies of scale. Economies of scale says that costs go up LESS with each new unit up until a certain point

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3 years ago

Linda’s Autoplex performs oil changes on automobiles, light trucks, and sport utility vehicles. She is a profitmaximizing busine

yan [13]

The answer is b $15.......

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3 years ago