Im starting my own business so I need things that would look cool in tie-dye

Why do some lenders require borrowers to secure credit

joja [24]

<u>Complete Question:</u>

Why do some lenders require borrowers to secure credit?

A. To prevent defaults

B. To guarantee full repayment

C. To avoid any losses

D. To reduce risk

Answer:

Option D. To reduce risk

Explanation:

The reason is that the lender faces the credit risk which is the risk of the loss of the repayment in whole or in parts and the risk of default of the interest payments by the borrower.

So if we see the options, the option A, B and C are basically the credit risk that the lender is facing so the only option that is more general (not specific as the option A, B and C) and includes these three options is option D.

So the option D is correct.

4 0

3 years ago

if a bank reconciliation included a deposit in transit of $765, the company's journal entry for this reconciling item would incl

Olin [163]

If a bank reconciliation included a deposit in transit of $765 the company's journal entry for this reconciling item would contain nothing because the deposit has already been tracked and recorded. The complete question can be seen in attachment.

Bank reconciliation can be described as the process of comparing data on cash books with the corresponding data on the bank statements. It is a important process for the CFO's office and ensures the accuracy of accounting records. Reconciliation also says the process of matching transactions that have been recorded internally against monthly statements from external sources such as banks to see if there are differences in the records and to correct any discrepancies.

Learn more about Bank reconciliation at brainly.com/question/15525383

#SPJ4

7 0

1 year ago

Convers Corporation (calendar-year-end) acquired the following assets during the current tax year: (ignore §179 expense and bonu

marishachu [46]

Answer:

$42,853

Explanation:

The computation of the allowable MACRS depreciation on Convers’s property in the current year is shown below:

<u>Assets Place in service Quarter Original Basis Rate Depreciation</u>

Machinery

(7 years) Oct 25 4th $70,000 14.29% $10,003

Computer

Equipment

(5 years) Feb 03 1st $10,000 20% $2,000

Used delivery

truck

(5 years) Mar 17 1st $23,000 20% $4,600

Furniture

(7 years) Apr 22 2nd $150,000 14.29% $21,435

Qualified

improvement

(39 years) May 12 2nd $300,000 1.605% $4,815

Total $553,000 $42,853

Refer to the MACRS depreciation table

and we used the half year convention

5 0

3 years ago

Emily purchased a building to store inventory for her business. The purchase price was $895,000. Emily also paid legal fees of $

Ugo [173]

Answer:

Emily’s cost basis in the new building is $900,750.

Explanation:

Cost basis in the new building

= Purchase price of building + legal fees + Cost of interior design

= $895,000 + $450 + $5,300

= $900,750

Therefore, Emily’s cost basis in the new building is $900,750.

3 0

4 years ago

A two-step binomial tree is used to value an option on the Australian dollar (AUD). The strike price is 1.00 USD per AUD and the

ser-zykov [4K]

Answer:

a.) The proportional up movement , u, for the currency can be calculated using the following formula:

u = eStd Dev * Square root of t

u = e0.06*square root of 0.25

u = 1.0305

b.) Probability of up movement, p , = (a - d) / (u - d)

where a = ert where r = 0.025, t = 0.25

a = e0.025*0.25 = 1.0063

d = 1 / u = 1 / 1.3050 = 0.7663

p = (1.0063-0.7663) / (1.3050-0.7663)

p = 0.46

1-p = 1-0.46 = 0.54

c) Price of an American Call Option on the currency : we use binomial tree for that , as follows: The amounts below line indicate the option price and figures above line indicate the underlying asset price which is 0.55555

3 0

3 years ago