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
allsm [11]
2 years ago
11

Kameron, Candice and Leo were members of an LLC, Printing Unlimited, LLC (PU). They leased a digital printing press for their co

mpany. Press Sales, Incorporated (PSI), the company that manufactured and leased the printing press to them, required personal guarantees from each of them as a requisite leasing the press. What will be required of Kameron, Candice and Leo
Business
1 answer:
dybincka [34]2 years ago
8 0

The requirement of Kameron, Candice, and Leo should be for pledging the personal assets in order to give the guarantee for the payment obligations with respect to the PU.

The information related to the pledged asset is as follows:

  • A pledged asset is a valuable possession that could be transferred to the lender in order to secure the debt or a loan.
  • The pledged asset should be considered as collateral that could be held by a lender and in return, it is for lending the funds.
  • Also, it can decrease the down payment that should be needed for the loan along with this if there is any change in the interest rate so the same should be decreased.

Therefore we can conclude that, the requirement done by these three people is needed for pledging the personal assets in order to give the guarantee for the payment obligations with respect to the PU.

Learn more about the LLC here: brainly.com/question/1214636

You might be interested in
When teresa carleo, the owner of plant fantasies, started her business, staying with the business for the first few years was di
mote1985 [20]

Teresa's decisions to stay with the business and work from home exemplify <u>"long-term strategic plans".</u>


A strategic plan with key long-term objectives fills in as a structure for settling on choices and gives a premise to arranging. Assembling a key arrangement can give the knowledge expected to stay with an on track by defining objectives and estimating achievements. By breaking down the data in the long term plan, administrators can roll out important improvements and set the phase for additionally arranging.

4 0
3 years ago
Suppose you deposit ​$2 comma 5002,500 cash into your checking account. By how much will checking deposits in the banking system
algol13

Answer:

The change in checking deposit is equal to $22,727.27.

Explanation:

An amount of $2,500 is deposited in a checking account.

The required reserve ratio is 0.11 or 11%.

A part of this deposit will go to the required reserve and the rest will be added in the checking deposit of the bank.

The change in the checking deposits will be

= \frac{1}{RR} \times amount deposited

= \frac{1}{0.11}\times \$ 2,500

= $22,727.27

3 0
3 years ago
.1.3. Briefly explain the Economic term land​
igomit [66]

Answer:

In economics, the resource that encompasses the natural resources used in production. ... Land was considered to be the “original and inexhaustible gift of nature.” In modern economics, it is broadly defined to include all that nature provides, including minerals, forest products, and water and land resources.

8 0
3 years ago
Read 2 more answers
Producer surplus is the difference between the _____ price and the minimum price at which a producer would be willing to sell a
gogolik [260]

Answer:

Market

Explanation:

Producer surplus is the difference between the market price and the minimum price at which a producer would be willing to sell a particular quantity.

Producer surplus is known to be the total amount that a producer benefits or gains from producing and selling a quantity of a good at the market price. The total revenue that a producer receives from selling their goods minus the total cost of production equals the producer surplus.

5 0
3 years ago
1. Use a real-life example to describe the following allocation methods. Hint: Use family, friends, teams, church, and/or clubs
Kitty [74]

A real-life example of the concepts are:

Brute force: The use of different numbers, trying to win the lottery.

Market: The buying and selling of ice cream at backyard sales.

Queuing: Standing in line to pay for goods at a mall

<h3>What is Queuing?</h3>

This refers to the standing in line by a group of people in order to access a particular service.

Hence, we can see that the other answers are:

Random selection: Picking one person out of four persons, through the throw of a die.

Tradition: Going to camp every year between father and son.

Equal Shares: The allocation of the same amount of food in a family

Need: The purchase of food in order to continue living.

Planned: A vacation to a foreign place that has been in the making for a long time.

Read more about allocation methods here:

brainly.com/question/17439087

#SPJ1

4 0
1 year ago
Other questions:
  • Suppose that prices in the United States rise relative to prices in France. We expect that (on the foreign exchange market) the
    11·1 answer
  • Snowboards Inc. refuses to sell its products to Timber Winter Sports Stores, Inc., a retail snowboard dealership. This violates
    9·1 answer
  • When experiences are insufficient and the risk of making a wrong decision i high, a consumer is more likely to use _____________
    13·2 answers
  • A three-person committee has to choose a winner for a national art prize. After some debate, there are three candidates still un
    14·1 answer
  • The following information is available for a company’s maintenance cost over the last seven months.
    5·1 answer
  • Which of the following is a method best used for total quality management? (1 point)
    12·1 answer
  • the ABC Company has a monthly collected balance of $600,000. Its bank pays an earning credit rate of 0.75%. The Reserve Requirem
    7·1 answer
  • At December 31, Hawke Company reports the following results for its calendar year.
    13·1 answer
  • To measure the strength of a currency, you can
    7·2 answers
  • True or false: enterprise operations systems work in conjunction with the firm's erp system to provide specific functionality to
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!