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Alex_Xolod [135]
3 years ago
6

Roundwell motors purchases a manufacturing plant for​ $15 million, pays​ $5 million in cash as down​ payment, and borrows the re

maining​ $10 million from home providence bank. to secure the​ loan, roundwell gives the plant as collateral to home providence bank. if roundwell defaults on their​ payment, what is the recourse available to home providence to recover the​ loan?
Business
1 answer:
gregori [183]3 years ago
7 0
A mortgage is the resource available to home providence to recover the loan. 

A mortgage is defined as a legal agree between a bank/creditor with a a person or business. They lend money with an interest rate in exchange for having full ownership of the persons title (house/business building) if the person does not pay. 
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Selected transactions for Thyme Advertising Company, Inc. are listed here. Describe the effect of each transaction on assets, li
SVEN [57.7K]

Answer:

Explanation:

1. Issued common stock to investors in exchange for cash received from inventors  - Increase in assets (cash) and an increase in equity  (Capital)

2. Paid monthly rent  - The decrease in equity and decrease in assets (cash)

3. Received cash from customers when service was rendered  - Increase in  assets (cash) and an increase in  equity

4. Billed customers for services performed  - Increase in assets (Accounts Receivable) and an increase in equity

5. Paid dividend to stockholders  - The decrease in equity and decrease in assets (cash)

6.Incurred advertising expense on account  - Decrease in equity and an increase in liability (Accounts Payable)

7.Received cash from customers billed in  - Increase in the asset (cash) and decrease in the asset (Accounts Receivable)

8.Purchased additional equipment for cash  - Increase in the asset (Equipment) and decrease in an asset (cash)

9.Purchased equipment on account  - Increase in the asset (equipment) and an increase in liabilities (Accounts payable)

5 0
4 years ago
In King v. Riedl,
vovangra [49]

Answer:

Court ruled over in favor of the plaintiffs.

Explanation:

The result was that the court ruled in the favor of the plaintiffs because the contractor was statutorily barred from bringing an action to enforce payment because he doesn't has the residential home builder license and the amount of the contract satisfied statutory requirements.

8 0
3 years ago
Cinnamon Corp. started business in 2007, uses a periodic inventory system and uses the weighted average cost method. During 2007
Nesterboy [21]

Answer:

€4,883,000

Explanation:

The computation of cost of sales is shown below:-

Inventory = 35,000 ÷ €12

= 2,917 units

Weighted average cost of inventory

= (2,917 × €12) + (35,000 × €14)

=  €35,004 + €490,000

= €525,004

So weighted average cost = €525,004 ÷ €40,833.33

= €12.85

So, cost of sales = weighted average cost × sold units

= €12.85 × 38,000

= €4,883,000

3 0
3 years ago
Strategic management is defined as
forsale [732]
Creation and execution of goals by the management team, defined by available resources and existing conditions in and out of the company.
4 0
3 years ago
Which of the following could a typical third grader handle?
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10-15 push ups: it's because pull-ups are taxing for an 8 year old, using my brother for an example who can hardly lift himself up. Sit-ups are taxing on the back due to the amount of muscular endurance and strength while a mile running-I laugh- converted to meters is approximately 1609 meters. I'm in Junior high yet I can  only do 900. Thus, it can be concluded the most appropriate activity a third grader could handle is a simple push-up.  

4 0
3 years ago
Read 2 more answers
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