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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

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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Charlie the cat stole $20 from his cat mom. He's planning on spending the money he stole on catnip (Q1) and dental treats (Q2).

RideAnS [48]

Answer:

$ 20= Q1 (0.5 ) + Q3( 3)

Explanation:

Total Amount = $ 20

Dental treats Q2= $ 3

Catnip Q1= $ 0.50

Maximum no of Dental Treats he can get is = $ 20 /$3= 6.66

If he gets maximum dental treats i.e 6 , $18 will be spent (3*6)

He will be left with = $ 20- $ 18= $ 2

The maximum no of catnip he can get after buying 6 dental treats from $ 2= $ 2/$0.5= 4

Let Q1 denote the catnip and Q3 denote the dental treats then the equation would be like

$ 20= Q1 (0.5 ) + Q3( 3)

So putting the values for q1=0,1,2,3,4,5,6,7,8,9,10

for values 0-4 Q3 will be $ 18

for values 4-6 Q3 will be $ 15

for values 6-8 Q3 will be $ 12

From values Zero on wards the budget constraint will be a slope but after value 4 the change will be after every two points.

The slope will look like the one given in the diagram.

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2 years ago

Pharoah Corporation had the following activities in 2020. 1. Payment of accounts payable $843,000 4. Collection of note receivab

DIA [1.3K]

Answer:

The amount Pharoah should report as net cash provided (used) by financing activities in its 2020 statement of cash flows is $344,000.

Explanation:

Pharoah Corporation

Statement of cash flows (extract)

Proceeds from common stock $256,000

Proceed from bond payable $466,000

Dividend paid ($333,000)

Purchase of treasury stock ($45,000)

Net cash flows from financing activities $344,000

Note that the payment of accounts payable and collection of notes receivable only affect the operating activities section of the cash flows.

7 0

2 years ago

Given the following list of accounts with normal balances, what are the trial balance totals of the debits and credits?

Alexeev081 [22]

Please see attached image to see the given data.

The trial balance totals of the debits and credits are $2,250 debit, $2,250 credit.

<span>$1000 (cash) + $500 (Equipment) + $750 (Salaries Expense) = $2,250 Debit

$350 (Accounts Payable) + $900 (Capital) + $1000 (Service Fees) = $2,250 Credit</span>

7 0

2 years ago

Explain how a country could have a deficit on its primary income but a current account surplus. 4 marks

Tatiana [17]

<h2>The following are the reasons for how a country could have a deficit on its primary income but a current account surplus:</h2>

The identified and associated sources of primary income would be different than the sources of financial activities that reflect their collection in the current account.
The expenses on developmental activities could be drawn from the primary account rather than drawing them directly from the current account.
There could be diversions of funds to manage the accounts in order to earn interest on them.

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3 years ago

Problem 9-7B Calculate the issue price of a bond and prepare amortization schedules (LO9-5, 9-7) [The following information appl

andrey2020 [161]

Answer:

Answer is given below.

Explanation:

Solution 1:

Chart Values are based on:

n= (15 Years*2) 30 Half years

i= (7%/2) 3.50% Semi annual

Cash Flow Table Value * Amount = Present Value

Principal 0.356278 * $7,90,000 = $2,81,460

Interest (Annuity) [$790,000*7%*6/12] 18.392045 * $27,650 = $5,08,540

Price of Bonds $7,90,000

Bond Amortization Schedule

Date Cash interest Interest Expense Chanage in Carrying Value Carrying value

01-Jan-21 $7,90,000

30-Jun-21 $27,650 $27,650 $0 $7,90,000

31-Dec-21 $27,650 $27,650 $0 $7,90,000

Solution 2:

Chart Values are based on:

n= (15 Years*2) 30 Half years

i= (8%/2) 4.00% Semi annual

Cash Flow Table Value * Amount = Present Value

Principal 0.308319 * $7,90,000 = $2,43,572

Interest (Annuity) [$790,000*7%*6/12] 17.292033 * $27,650 = $4,78,125

Price of Bonds $7,21,696

Bond Amortization Schedule

Date Cash interest Interest Expense Change in Carrying Value Carrying value

01-Jan-21 $7,21,696

30-Jun-21 $27,650 $28,868 $1,218 $7,22,914

31-Dec-21 $27,650 $28,917 $1,267 $7,24,181

Solution 3:

Chart Values are based on:

n= (15 Years*2) 30 Half years

i= (6%/2) 3.00% Semi annual

Cash Flow Table Value * Amount = Present Value

Principal 0.411987 * $7,90,000 = $3,25,470

Interest (Annuity) [$790,000*7%*6/12] 19.600441 * $27,650 = $5,41,952

Price of Bonds $8,67,422

Bond Amortization Schedule

Date Cash interest Interest Expense Change in Carrying Value Carrying value

01-Jan-21 $8,67,422

30-Jun-21 $27,650 $26,023 -$1,627 $8,65,794

31-Dec-21 $27,650 $25,974 -$1,676 $8,64,118

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3 years ago