All categories

2 years ago

Security in the form of assets you pledge to a lender.

Business

2 answers:

Zepler [3.9K]2 years ago

8 0

That would be c. Collateral.
Hope it helps!

Anuta_ua [19.1K]2 years ago

6 0

C is the answer. Hope this helps.

You might be interested in

How does the payment of rent for equipment affect the accounting equation? assets increase; assets decrease assets decrease; sto

djverab [1.8K]

The answer to this question is <span>assets decrease; stockholders' equity decreases

The journal for this transaction would be

Debit: Rent expense xxxxx
Credit: Cash xxxx

Since cash is considered an asset, it will decrease asset if it placed on credit.
Since expense will reduce net income that will be allocated to stockholders' equity, it will reduce stockholders' equity when placed on debit </span>

6 0

2 years ago

Read 2 more answers

Match each of the terms below with their definitions and descriptions

Brums [2.3K]

The answer is B :)))

3 0

2 years ago

Suppose your expenses for this term are as follows: tuition: $10,000, room and board: $6,000, books and other educational suppli

Triss [41]

Opportunity cost is the loss due to forgoing one opportunity to select another one alternative.

In this case, the forgone alternative is the full-time employment and other expenses for the term when the alternative chosen is to be in school. In this case, room and board expenses remain the same whether in school or working full time and thus not considered. The part-time amount earned while at school is subtracted as it would be compensated be during full time employment.

Therefore;
Opportunity cost = $20,000+$10,000+$1,000-$8,000 = $23,000

6 0

2 years ago

Ridgewood Company had the following ending balances on its financial statements: 2018 2019 2020 Prepaid insurance $1,400 $ 900 $

Radda [10]

Answer:

B $12,300

Explanation:

Note that the movements in the prepaid insurance account balance is as a result of payments and amortization of these expenses as they fall due. While additional payments increases the prepaid insurance balance, amortization reduces it.

Given that the ending balance in the Prepaid insurance account for 2018 is $1,400. This is the opening balance for prepaid insurance in 2019. Given that the insurance expense for 2019 is $12,800 and the ending balance in the Prepaid insurance account for 2019 is $900

Let the amount paid in 2019 be r

Then

$1,400 + r - $12,800 = $900

r = $900 + $12,800 - $1,400

r = $12,300

The right answer is B $12,300

7 0

2 years ago

Signal mistakenly produced 1,000 defective cell phones. The phones cost $60 each to produce. A salvage company will buy the defe

Rina8888 [55]

Answer:

Signal Company

Signal should rework the phones with its excess capacity. Reworking reduces its loss by $10,000 (or $10 per phone).

Explanation:

a) Data and Calculations:

Number of defective cell phones produced = 1,000

Cost of production per phone = $60

Salvage value per phone = $30

Additional rework cost per phone = $80

Selling price after reworking per phone = $120

Differential Analysis:

Scrap Rework Difference

Sales revenue $30,000 $120,000 $90,000

Cost of production 60,000 140,000 80,000

Loss $30,000 $20,000 $10,000

Per unit calculations:

Scrap Rework Difference

Sales revenue $30 $120 $90

Cost of production 60 140 80

Loss $30 $20 $10

5 0

2 years ago