3 years ago

The difference between a secured loan and an unsecured loan is blank

1 answer:

4 0

A secured loan has claim on assets in case the lender defaults. For example, a home buyer takes out a loan (secured against the home) with a bank to buy home. If the home buyer can't make repayments (or even goes bankrupt), the bank can sell the home to recover their lost money.

An unsecured loan does not have claim on any assets. All else being equal, an unsecured loan has higher interest rate.

You might be interested in

The Ring Division of A1d-Y6z Company reported the following information for May: selling price per unit .................... $35

Travka [436]

Answer:

52,000 units

Explanation:

Selling price = $35*40,000 = $1,400,000

Variable cost = $12 * 40,000 = $480,000

Contribution margin = $1,400,000 - $480,000 = $920,000

Fixed cost = Residual income + Contribution

Fixed cost = $920,000 - $229,600

Fixed cost = $690,400

Sales to earn residual income = [Fixed cost + Desired profit] / Contribution per unit

Sales to earn residual income = [$690,400 + $505,600] / $35 - $12

Sales to earn residual income = $1,196,000 / $23

Sales to earn residual income = 52,000 units

7 0

3 years ago

Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Cu

IceJOKER [234]

Answer:

Answer in Attachment

Explanation:

Download xlsx

3 0

3 years ago

Selected data pertaining to lore co. for the calendar year 2005 is as follows: net cash sales $ 3,000 cost of goods sold 18,000

Ede4ka [16]

Hi there

The accounts receivable turnover ratio equals net credit sales divided by average accounts receivable
So
5.0= Net credit sales/ (20,000 + 22,000/2)=
5 x 21,000= 105,000
Net Credit Sales= 105,000

Hope it helps

4 0

3 years ago

Gerald bought his son, david, a computer two years ago. recently, he decided to buy his daughter, julian, a computer of her own.

Ulleksa [173]

Moore's Law is the theory made by Intel co-founder Gordon Moore that the number of transistors on a chip doubles every two years while the costs are halved

6 0

3 years ago

Doral Corp. has provided a part of its budget for the third quarter: JulyAugustSeptember Cash Collections$40,000 $45,000 $52,000

Degger [83]

Answer:

$39,600

Explanation:

Particulars Amount

Opening cash balance $12,000

Add: Cash collection $40,000

Total cash available $52,000

Less: Cash payment

Purchase of inventory $4,500

Operating expenses $7,900

Capital expenditure $0 $12,400

Cash balance at the end $39,600

3 0

3 years ago