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s2008m [1.1K]
2 years ago
7

Which term describes the right of a lender to sell collateral to get back the principal if the borrower cannot repay the loan?Se

lect one of the options below as your answer: A. collateral . B. interest . C. lien
Business
2 answers:
Kaylis [27]2 years ago
6 0

ANSWER: C. lien

EXPLANATION: Lien provides the right to a lender to sell off the collateral to get back the principal if the borrower fails to repay. Lien is a conditional right of ownership to the lendor which bars the debtor to sell off the collateral without paying the lendor.

Ugo [173]2 years ago
3 0
The correct answer to this question is this one: "C. Lien." The <span>term that describes the right of a lender to sell collateral to get back the principal if the borrower cannot repay the loan is called the lien. Hope this helps answer your question.</span>
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On December 31, after making a concerted effort, management determines that it will not be able to collect the $1,200 owed to it
zvonat [6]

Answer:

See explanation section

Explanation:

To record the journal entry to write off the uncollectible account according to the direct write-off method, we have to use bad dad expanse instead of an allowance account.

December 31         Bad Debt Expense           Debit     $1,200

                              Account receivable - Acme, Inc.      Credit    $1,200

Note: As the company did not get the money from the Acme, Inc., They treated the expense as irrecoverable.

4 0
3 years ago
The term for a rise in prices of general consumer goods is
skad [1K]
C. Inflation

If you require clarification on why, feel free to comment! 

3 0
2 years ago
Sauber's washer-dryer is available in four stylish finishes: stainless steel, pearl white, gunite gray, and obsidian. Although t
gizmo_the_mogwai [7]

Answer:

a and b

Explanation:

Religious orientation has nothing to do with how much money to spend or what machine to use

6 0
3 years ago
Jim is the new manager of operations at Springfield Motors. To his dismay, he finds the employees coming in late to work, taking
alisha [4.7K]

Answer:

The correct answer is letter "B": Positive reinforcement and punishment.

Explanation:

In the Operant Conditioning Method proposed by B.F. Skinner (1904-1990), positive reinforcement refers to the set of actions individuals do to increase the behavior of other individuals. On the other hand, positive punishment aims to decrease behaviors in individuals by prompting undesirable stimuli.

Thus, <em>Jim is implementing positive reinforcement through incentives for workers meeting certain corporate goals and positive punishment by withholding those incentives from employees who get late, take long breaks or act unprofessionally</em>.

6 0
2 years ago
On January​ 1, Year​ 1, Gallagher Corporation issued 400 comma 000 stock options for 400 comma 000 shares to a division manager.
masha68 [24]

Answer:

$1,000,000

Explanation:

Gallagher Corporation

Stock option × Option estimated fair value /Numbers of years

Stock option $400,000

Option estimated fair value $10

Numbers of years 4

Hence:

($400,000 × $10) / 4 years

=$4,000,000/4years

= $1,000,000

Therefore pretax compensation expense for year 1 will be $1,000,000

4 0
2 years ago
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