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3 years ago

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

2 answers:

8 0

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

8 0

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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The following are the transactions for the month of July. Units Unit Cost Unit Selling Price July 1 Beginning Inventory 40 $ 10

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Answer:

(a) FIFO (b) LIFO (c) weighted

average cost:

Cost of goods available for sale $2,600 $2,600 $2,600

Ending inventory 1,540 1,500 1,516

Sales $1,400 $1,400 1,400

Cost of goods sold 1,060 1,100 1,083

Gross profit $340 $300 $317

Explanation:

a) Data and Calculations:

Units Unit Cost Unit Selling Price

July 1 Beginning Inventory 40 $ 10 $400

July 13 Purchase 200 11 2,200

July 25 Sold ( 100 ) $ 14 (1,400)

July 31 Ending Inventory 140

July 31 Goods available 240

Average unit cost = $10.83 ($2,600/240)

FIFO:

Cost of goods available for sale $2,600 ($400 + $2,200)

Ending inventory 1,540 (140 * $11)

Sales $1,400 ($14 * 100)

Cost of goods sold 1,060 (40 * $10 + 60 * $11)

Gross profit $340

LIFO:

Cost of goods available for sale $2,600 ($400 + $2,200)

Ending inventory 1,500 (40 * $10 + 100 * $11)

Sales $1,400 ($14 * 100)

Cost of goods sold 1,100 (100 * $11)

Gross profit $300

Weighted Average:

Cost of goods available for sale $2,600 ($400 + $2,200)

Ending inventory 1,516 (140 * $10.83)

Sales $1,400 ($14 * 100)

Cost of goods sold 1,083 (100 * $10.83)

Gross profit $317

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Answer:

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Explanation:

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Answer: B. It may help a firm achieve experience curve and location economies

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3 years ago

Here are the comparative income statements of Cullumber Corporation. CULLUMBER CORPORATION Comparative Income Statement For the

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Answer:

Explanation:

Horizontal analysis of financial statements is a system of comparing each item of financial statement in a previous year to the current year with each line item analysis expressed in a horizontal pattern for clear comparison.

The change in growth is calculated by deducting the previous year's value of an item of the financial statement from the current year while the percentage growth is calculated by calculating the growth value as a percentage of the previous year value

2022 2021 Change % Change

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3 years ago

The assumption that is necessary for a linear programming model to be appropriate and that ensures that the value of the objecti

Elan Coil [88]

Answer:

A. Additivity

Explanation:

Additivity simply means that the values of an objective function and total resources used can be found by adding all the contributions made by the objective functions and the decision variables of all resources used. That is, it assumes that the overall of an objective function is found by adding the contribution of each objective function to the overall. In additivity, interaction between variables doesnt exist.

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3 years ago

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