1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Georgia [21]
3 years ago
7

As a current or future business owner, entrepreneurs need to be able to assess collateral in order to secure a possible

Business
1 answer:
amm18123 years ago
3 0

Answer:

True

Explanation:

Collateral is an asset used as a guarantee or security for the payment of a loan. It assures the lender that a borrower will pay back the loan.

If an entrepreneur applies for a business loan, the bank will most likely demand collateral. The entrepreneur will need to offer an asset, either property or motor vehicle, that will act as a guarantee for the loan. Should the entrepreneur fail in repayment, the bank can sell the asset to recover their money.

Few, if any, will lend anyone money based on a business idea alone.  Many banks will demand a business proposal to be backed with some guarantee to secure funding.

You might be interested in
The break even income would be level
Anton [14]
The answer would be 2 (C). As break-even the point at which cost and income are equal and there is neither profit nor loss also : a financial result reflecting neither profit nor loss. break-even.




I hope it helped you!
5 0
3 years ago
What will be the end result for the taxpayer who filed his federal income tax
Hunter-Best [27]

Answer: he will owe $135

Explanation:

7 0
2 years ago
Read 2 more answers
Which decision-making model would you use when your goals are unclear, there is time pressure, and you have experience with the
vaieri [72.5K]

Answer:

Intuition Decision Making model.

Explanation:

Intuition Decision Making model can be described as the process by which knowledge acquired through associated learning and stored in long-term memory is accessed unconsciously to form the basis of a judgment or decision.

When speed is essential to a successful outcome, intuition decision making model should be used because there will not be need for analytics, facts, and a step-by-step process to come to a decision.

4 0
3 years ago
TB MC Qu. 7-77 Corbel Corporation has two divisions: Division A and ... Corbel Corporation has two divisions: Division A and Div
irina1246 [14]

Answer:

Corbel Corporation's common fixed cost  is $41,650

Explanation:

Division A contribution margin       $47,700

Division B contribution Margin       <u>$80,850</u>           $128,550

($231,000 * 35%)

Less: Traceable fixed cost              $59,700

Operating Income                           <u>$27,200</u>           <u>($86,900)</u>

Common fixed cost                                                   <u>$41,650</u>

3 0
3 years ago
How many european union countries use the euro as their official currency?
BlackZzzverrR [31]

Answer:

19

Explanation:

The euro is the sole currency of 19 EU member states: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.

6 0
3 years ago
Other questions:
  • When a municipal dealer gives a customer a "bond appraisal," he is disclosing:_________.
    12·1 answer
  • Unit Test
    11·1 answer
  • Lucas is running a lemonade stand on a hot day. He initially charges 25 cents a glass and is selling lots of lemonade. He decide
    9·1 answer
  • Using the expanded accounting equation, solve for the missing amount
    6·1 answer
  • e. Which of the following statements is true? Deflation means that the price level is falling, whereas with inflation the inflat
    11·2 answers
  • Some people believe that the shuttle should have been better engineered for crew safety, including provisions for repair of the
    11·1 answer
  • Someone broke into your apartment and stole all of your stuff. Luckily, you
    10·2 answers
  • Why do you think newspapers did not increase prices, given their financial situation?
    14·2 answers
  • The Ryan Corporation uses the composite method and its composite rate is 7.5% per year. The entry that should be made when plant
    6·1 answer
  • Why is term life insurance better than whole life insurance?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!