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stellarik [79]
3 years ago
8

Assume that Jane’s company does not have the $50 million in cash to purchase the building. The company mortgage with the bank. T

he bank is worried about the company’s financial health, so to grant the mortgage, the bank and Jane enter into an agreement that states that Jane personally is secondarily liable for payment in the event that the company defaults. The agreement between the bank and Jane personally is:
Business
1 answer:
bogdanovich [222]3 years ago
6 0

Answer:

The agreement among the Jane and bank personally is the Guaranty

Explanation:

As Jane want to take a loan of $50 from bank in order to purchase a building but bank is worried regarding the financial health of the company so in order to grant the loan or mortgage, both bank and Jane entered into an agreement which states that the Jane would be personally liable for the payment if company defaults. So, the agreement in which they agreed is the guaranty given by Jane to bank.

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Kathleen is considering expanding her dress shop. If interest rates rise she is Group of answer choices less likely to expand. T
Karolina [17]

Answer:

<u><em>Less likely to expand.</em></u>

Explanation:

When ever interest rates rise in an economy, the soul purpose of that is to control inflation by influencing the people to save more and consume/spend less.

Hence, when the interest rates will rise, Kathleen will be moving away from the expansion process as she will have to borrow the money at more cost than before, hence increasing the risk of return from the expansion process. Hence this will lead to the demand for loan-able funds to slope downwards.

Hope this helps you. Good Luck.

7 0
3 years ago
A company uses the weighted average method for inventory costing. At the start of a period the production department had 28,000
yaroslaw [1]

Answer: $4.38

Explanation:

Conversion costs are based on completed units so those units that are yet to be completed will be converted into equivalent units.

Units produced = Units completed and transferred out + equivalent WIP

= 169,000 + (26,000 * 79%)

= 169,000 + 20,540

= 189,540 units

Total Conversion costs = beginning conversion costs + conversion costs added during period

= 103,000 + 726,925

= $829,925‬

Conversion cost per equivalent share

= 829,925‬/189,540

= 4.3786

= $4.38

6 0
3 years ago
Benefits of setting objectives for a company
In-s [12.5K]

Answer:

Help them evaluate the business' growth

Explanation:

When they set objectives, they can look at it later on and check if they had reached their goal. So they can see how far they've reached as a business.

8 0
3 years ago
james has set the goal of achieving all "A"s during this year of school. Which term best describes this goal. A. long-term goal
lyudmila [28]

that answer should be A long term goal

5 0
3 years ago
Read 2 more answers
Suppose the government has imposed a price ceiling on sliced sandwich bread. Which of the following events could transform the p
oksano4ka [1.4K]

Answer:

A decrease in the price of unsliced bread, which people consider a substitute for sliced bread.

5 0
3 years ago
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