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AnnyKZ [126]
3 years ago
15

If a lender is not paid and they take the collateral that secured the loan, this is called _____. garnishment bankruptcy foreclo

sure repossession
Business
2 answers:
laiz [17]3 years ago
8 0

Answer:

<em><u>Foreclosure</u></em>

Explanation:

The legal process by which the lender takes control of a property, expels the owner and  and sells the home if the homeowner is unable to principle and interest his mortgage is called foreclosure.

It derives legal basis from deed of trust contract, bit gives the lender right to use the property as a collateral if the buyer is unable to repay the amount. The foreclosure process starts when the borrower misses mortgage payment.

Amanda [17]3 years ago
7 0
It would be repossession like if you miss any payments on a vehicle it can be repo'd.
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Sheffield borrowed $701000 on October 1, 2017 and is required to pay $721000 on March 1, 2018. What amount is the note payable r
Georgia [21]

Answer:

On October 01, 2017

The amount actually borrowed that is $ 701,000 will be recorded as liability/note payable on october 01, 2017. The following accounting entry will be passed

Debit Cash Asset           $ 701,000

Credit Note payable       $ 701,000

Interest recognized from October 1 to December 31, 2017

The premium amount paid on redemption will be recorded as interest over the period of time. The interest amount is

Interest = 721,000 -701,000 = $ 20,000

So this above calculated expense will be recognized as an expense over loan period.

5 0
3 years ago
When economists speak of a deadweight​ loss, they are referring to?
nadezda [96]
Deadweight loss is a type of economic inefficiency when a good or service is not at its economic equilibrium (where supply equals demand). This loss may be experienced because of a tax or subsidy, or because of market power, such as a monopoly. Economists refer to deadweight loss when they want to show the negative effects of certain policy decisions that are less than optimal. 
5 0
3 years ago
Vitalink company does marketing research and then plans, creates, and places various forms of paid communications about its clie
USPshnik [31]

Vitalink company does marketing research and then plans, creates, and places various forms of paid communications about its clients' products and services. vita link company is an advertising agency.

Advertising agencies work with businesses to design and execute advertising campaigns and measure their success. You can also oversee promotions, branding, and marketing strategies.

The Big Five Advertising Agencies consist of WPP plc, Omnicom Group, Publicis, Interpublic Group of Companies, and Dentsu. Global advertising spending exceeded $563 billion in 2019. North America is the largest investor in this sector, followed by Asia and Western Europe.

External companies are known as advertising agencies. Examples of international advertising agencies are WPP and Omnicom Group.

Learn more about advertising agencies here: brainly.com/question/15611949

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3 0
1 year ago
The current net profit of sigma inc. is $8 million, the market price of the stock is $65, and sales is $50 million. the net prof
IRISSAK [1]

The net profit margin, or simply net margin, measures how much net income or profit is generated as a percentage of revenue.

It is the ratio of net profits to revenues for a company or business segment. Net profit margin is typically expressed as a percentage but can also be represented in decimal form.

<h3>How do we calculate net profit margin?</h3>

Net profit margin is calculated by dividing the net profits by net sales, or by dividing the net income by revenue realized over a given time period.

<h3>What is good net profit ratio?</h3>

For example, in the retail industry, a good net profit ratio might be between 0.5% and 3.5%.

Other industries might consider 0.5 and 3.5 to be extremely low, but this is common for retailers. In general, businesses should aim for profit ratios between 10% and 20% while paying attention to their industry's average.

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6 0
1 year ago
The use of teams is becoming increasingly prevalent in the U.S. workplace, partly because of the many benefits associated with t
Sauron [17]

Answer:

Better customer satisfaction

Greater employee job satisfaction

Lower employee turnover

Explanation:

Work teams can be defined as the group of employees that work together to accomplish a certain task or project. These teams are the most effective when expert advises are needed and required to accomplish a project which needs different set of skills. These teams are trained so they can meet the customers needs and wants successfully. They can understand customers well in order to meet their requirements which definitely will make them happy and satisfied and in some cases they can be delighted and over delighted.

When employees will work in work teams, they will interact with different workers having different set of skills, therefore, they can complete the tasks and project quite efficiently, which will ultimately make them satisfied. When employees will be satisfied at the work, they will not think about leaving the organization which in turn will result in lower employees turnover.

7 0
3 years ago
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