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3 years ago

What is a collateral

Business

2 answers:

Vlad [161]3 years ago

7 0

NOUN

something pledged as security for repayment of a loan, to be forfeited in the event of a default

ADJECTIVE

additional but subordinate; secondary.

True [87]3 years ago

4 0

Answer:

Security for the repayment of the loan.

Explanation:

Collateral is simply called the security that is held by the lender to the person who takes the loan for they risk free payment of the loan back. In simple words, we can say that a collateral is something which is held as a guarantee by the lender till the payment of loan that he gave to an individual or the company. For example people usually put their Houses, plots, shops, their jewelry, etc, as a collateral in order to get loan from banks or other financial institutions. This collateral servers as a guarantee from the person who is taking the loan. If the person fails to give back the loan, the bank or financial institution will be liable to sell this collateral and get their loan back.

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On January 1, Lorain Corporation had 2,000 shares of $5 par common stock authorized and outstanding. These shares were originall

Dovator [93]

Answer:

Journal Entry

Explanation:

The Journal Entry is shown below:-

1. Treasury Stock $2,400 (100 Shares × $24)

To Cash $2,400

(Being treasury stock is recorded)

2. Cash Dr, $825 (25 shares × $33)

To Treasury Stock $600 (25 shares × Cost $24)

To Additional Paid in Capital-Treasury Stock $225

(Being the sale of acquired share is recorded)

3. Cash Dr, $550 (25 shares × $22)

Additional Paid in Capital-Treasury Stock Dr, $50

To Treasury Stock $600 (25 shares × Cost $24)

(Being the sale of acquired share is recorded)

4. Common Stock Dr, $250 (50 Shares × $5 par value)

Additional Paid in Capital-Treasury Stock Dr, $175 (225 - $50)

Retained Earnings Dr, $775

To Treasury Stock $1,200 ($2400 - $600 - $600)

(Being retired share is recorded)

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3 years ago

Parker Pharmaceuticals is a corporation that employs over 400 workers. As the firm continues to grow, the need for discipline am

Virty [35]

Answer:

The following best supports a decision to use the progressive disciplinary action approach:

B) Parker wants an informal procedure for disciplining employees.

Explanation:

A disciplinary procedure is the way your employer deals with discipline when they believe that your conduct or performance is not up to the expected standard. Disciplinary procedures may involve something as simple as an informal chat, and escalate to involve letters, meetings and appeals

Informal disciplinary actions include: oral or written admonishments; letters of counseling, caution, instruction or warning, as well as letters of requirement.

These are the steps of progressive discipline actions:

Step 1: Verbal Counseling(s) A verbal counseling is generally the first step of progressive discipline.

Step 2: Written Warning(s) A written warning is generally the second step of progressive discipline.

Step 3: Performance Improvement Plan (PIP).

Step 4: Termination of Employment.

In most cases, it is far better for the employer to resolve issues informally wherever possible. Depending on what the issue is, it may be appropriate to have an informal chat or verbal warning with someone rather than going through the process of issuing a formal warning.

The purpose of an informal meeting is to discuss issues which would not have an appropriate place in a formal meeting. They may be designed to make one of the participants feel more at ease and more free to speak their mind than they would in a more formal setting.

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3 years ago

Kenneth, a food blogger, is paid a handsome fee by a new restaurant to write an article about it. The assignment came with a rid

Lina20 [59]

Answer:

Sense of independence

Explanation:

Basically Kenneth is writing a draft and signing it. The client, will probably change some (if not most) of Kenneth's article, specially any part where Kenneth might criticize the restaurant's service or exaggerate any good service provided by the restaurant. The content of the article itself will be determined by the client.

Kenneth should be independent and impartial when writing an article critique, since writing what the restaurant wants is simply advertising. Sadly this is very common on certain industries, that is why all the movies are excellent or the best of all times, no matter how bad they are.

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3 years ago

Which career is best suited for people who have a high school diploma?

yuradex [85]

Answer:a

Explanation:

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3 years ago

Read 2 more answers

Pastore Inc. granted options for 1 million shares of its $1 par common stock at the beginning of the current year. The exercise

Step2247 [10]

Answer:

$7,000,000

Explanation:

Calculation to determine What would be the total compensation indicated by these options

Using this formula

Total Compensation =Beginning options*Fair value of the options

Let plug in the formula

Total Compensation =1,000,000 shares × $7

Total Compensation =$7,000,000

Therefore What would be the total compensation indicated by these options is $7,000,000

3 0

3 years ago