Answer: Out of labor force
Explanation:
The above scenario shows that Dorothy is out of the labor force. The labor force is made up of those that are employed and have a job and those that are unemployed but are searching for job.
In this case, Dorothy left her job to cater for her child and is not looking for a job. This shows that she is out of the labor force.
Answer:
Collateral is not the one of the Four C's that the lender will consider before deciding to either give you the loan or not offering me a loan package.
Explanation:
The Four C's include Capacity of the borrower to payback, Capital requirement of the borrower, character of the borrower and the conditions on which the lender would agree to offer you a loan. So Collateral is not the one of the four C's that the lender would consider before offering loan to the borrower.
Answer:
b. $1.61 million
Explanation:
The computation of assets value is shown below:-
Data provided
Cost of Assets = $2.3 million
Annual depreciation = $230,000
Total numbers of years = 3
Total depreciation = $230,000 × 3
= 690,000
= 0.69 million
Assets value = Cost of Assets - Total depreciation
= $2.3 million - $0.69 million
= $1.61 million
So, Given Market Value = $1.75 million and as per accounting conventions, Recorded book value are assets.