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tigry1 [53]
3 years ago
13

Something of value that is used to back up a loan is known as what?

Business
2 answers:
lozanna [386]3 years ago
7 0
 B. collateral is the right answer

velikii [3]3 years ago
7 0

Answer: Collateral

Explanation:

Collateral is known to be something of value or a property which a borrower gives to a lender in return for money borrowed. Furthermore, this is usually a form of security for the lender in case the borrower does not pay the loan. Thus, if the borrower fails to pay back the loan, the lender takes the property.

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At the beginning of the period, a company reports a balance in office supplies of $450. During the period, the company purchases
Hoochie [10]

Answer:

Explanation:

Before passing the journal entry, first, we have to compute the total supplies consumed. The formula to compute the total supplies consumed is shown below:

= Beginning balance of supplies + Purchase of supplies - ending balance if supplies

= $450+ $3,400 - $900

= $2,950

Now the journal entry would be

Supplies expense A/c Dr   $2,950

      To Supplies A/c                            $2,950

(Being supplies consumed recorded)

4 0
3 years ago
which government website lists walt disney, bing crosby and charles lindbergh as former employees? irs nasa cia usps
nataly862011 [7]

The government website in which it is listed that the aforementioned names were employees is the <u>USPS</u>.

The United States Postal Service:

  • Employed Walt Disney as a postal carrier in 1918
  • Employed Bing Crosby as a post office counter
  • Employed Charles Lindbergh as an airmail pilot

The USPS website can therefore confidently claim that at some point or the other, all three names mentioned above used to work for them.

In conclusion, the correct answer is the USPS.

<em>Find out more about the </em><em>USPS </em><em>at brainly.com/question/910319. </em>

4 0
2 years ago
Ors-nrrh-tks my meet code girl playing​
andre [41]

Answer:

Are u a boy or girl name change gardim I

3 0
2 years ago
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What is the expected return of a portfolio with 75% in asset A and 25% in Asset B?
kifflom [539]

Answer: 3.5%

Explanation:

Expected return if there is a Boom:

= (0.75 * 0.15) + (0.25 * 0.05)

= 0.1250

Expected return if things go Bust:

= (0.75 * -0.05) + (0.25 * 0.05)

= -0.025

Expected return of Portfolio = ∑(Probability of market state * expected return of market state)

= (0.4 * 0.1250) + (0.6 * -0.025)

= 3.5%

6 0
3 years ago
Which of the following can increase your credit card's APR?
vekshin1
B) missing a credit card payment

When you miss a credit card payment, not only will your credit score go down, but your credit card company will charge you more which will increase your APR
5 0
3 years ago
Read 2 more answers
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