The reasons why collateral is important to a borrower are:
- It serves as borrower's credit worthiness .
- Collateral minimizes the risk for lenders.
<h3>What is Collateral?</h3>
Collateral can be regarded as item of value that is been used to secure a loan.
In a case whereby a borrower defaults on the loan,it is possible for lender to seize the collateral and sell it to recoup its losses. Banks require collateral on certain types of loans.
Learn more about Collateral at;
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Answer D: population, because it is a collection of ages for all people in the apartment building
This will be a population because we are covering each and every resident in the building and here out universe is our apartment building and not all other apartment buildings in the city.
Hi there
shareholders' equity=
(fixed assets+current assets)-liabilities
shareholders' equity=(700+490)−460
=730...answer
(Note that the amount of retained earnings is not provided so you must use total assets minus total liabilities to derive the correct answer)
Answer:
b
Explanation:
Do not let them know you hear them! Think of them as walls. You cant hear them!
