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3 years ago

The cost of a secured loan is typically lower than the cost of an unsecured loan because

Business

1 answer:

saul85 [17]3 years ago

4 0

Secure loans are less riskier than unsecured loan because Secure loans are backed by a collateral.

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In 1990, Johnson Company purchased a building for $170,000. In 2020, a real estate professional says the building has a fair val

Julli [10]

Answer:

$170,000.00

Explanation:

The amount of $170,000.00 will still be recorded as the value of the building, before considering accumulated depreciation.

Fair value of $1,000,000.00 or selling price of $900,000.00 does not affect the original value of the building in the company's balance sheet.

4 0

3 years ago

Jilk Inc.'s contribution margin ratio is 60% and its fixed monthly expenses are $48,000. Assuming that the fixed monthly expense

Kryger [21]

Answer:

The best estimate of the company's net operating income in a month is $34,800.

Explanation:

This can be calculated using the following steps:

Step 1: Calculation of contribution margin

This can be calculated using the formula for calculating the contribution margin ratio as follows:

Contribution margin ratio = Contribution margin / Sales ........... (1)

where,

Substituting the values in the question into equation (1) and solve for contribution margin, we have:

60% = Contribution margin / $138,000

Contribution margin = 60% * $138,000 = $82,800

Step 2: Estimation of the company's net operating income in a month

This can be calculated using the following formula:

Net operating income = Contribution margin - Fixed expenses ......... (2)

Substituting the $82,800 obtained in Step 1 for contribution margin and the fixed monthly expenses of $48,000 in the question into equation (2), we have:

Net operating income = $82,800 - $48,000 = $34,800

Conclusion

From Step 2 above, the best estimate of the company's net operating income in a month is therfore $34,800.

4 0

3 years ago

Which of the following would be most likely associated with the expansionary phase of the economic business cycle?

Marat540 [252]

I’m not exactly sure but- expansion is the phase of the business cycle where real GDP grows for two or more consecutive quarters, moving from a trough to a peak. This is typically accompanied by a rise in employment, consumer confidence, and equity markets. Expansion is also referred to as an economic recovery. Knowing this, it cannot be A where unemployment is high or B where inflation is high because inflation is the rise in the general level of prices where a unit of currency effectively buys less than it did in prior periods, it shouldn’t be D because the profits wouldn’t be on a decline, so making a guess using elimination it’s most likely C businesses produce more and hire workers

6 0

3 years ago

Question needs answering

wolverine [178]

No controlling is one of them, they are
Controlling
Planning
Leading
Organising

5 0

3 years ago

Do speed cameras solve the problem of speeding?

olga55 [171]

No not all the time because people that aren’t from the area could still spend by a speeding camera think about it if speeding carmeras solved the problem of speeding then people wouldn’t be getting into car accidents when they are speeding and people wouldn’t be getting speeding tickets anymore

3 0

3 years ago