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]
3 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]3 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
which component of the marketing mix encompasses all efforts by an international firm to enhance the desirability of its product
spayn [35]

Answer:

Geocentric approach

Explanation:

Geocentric approach marketing is generally used to enhance the desirability of products among potential buyers. geocentric approach marketing is a sort of worldwide advertising wherein organisations attempt to spread out the aspects of their items or administrations among various nations. It happens when a business chooses to widen its activities and spotlight on deals outside of its nation of origin. The whole strategy is implemented to gain more customers.

7 0
3 years ago
What is profitability
kkurt [141]

Answer:

Profit, in accounting, is an income distributed to the owner in a profitable market production process (business). Profit is a measure of profitability which is the owner's major interest in the income-formation process of market production. There are several profit measures in common use.

Income formation in market production is always a balance between income generation and income distribution. The income generated is always distributed to the stakeholders of production as economic value within the review period. The profit is the share of income formation the owner is able to keep to themselves in the income distribution process. Profit is one of the major sources of economic well-being because it means incomes and opportunities to develop production. The words "income", "profit" and "earnings" are synonyms in this context.

3 0
2 years ago
A product-focused process is commonly used to produce "A. high-volume, high-variety products" "B.low-volume, high-variety produc
polet [3.4K]

Answer: Option C  

                                                                       

Explanation: In simple words, product focused process refers to the processes that focuses on producing the batch of similar products. These processes are usually used to manufacture products like paper rolls and light bulbs.

Under this process large units are produced of a similar product. Such processes require high fixed cost and low variable cost.

From the above we can conclude that the correct option is C.

6 0
3 years ago
Prepare a budgeted income statement for First-Class Ovenware for 2007 if the engineers’ redesign efforts had worked as originall
Talja [164]

Explanation: see attachment below

7 0
3 years ago
Read 2 more answers
Sales contracts, financing contracts and terms of agreements. Describe each.
Natalija [7]
Wait I did this let me go get the answer rq
5 0
3 years ago
Other questions:
  • On July 8, Action Co. issued a $70,000, 6%, 120-day note payable to Scanlon Co. Assuming a 360-day year, what information is nee
    9·1 answer
  • Warephase Corporation has preferred stock outstanding. The stock has a 16% dividend rate. The stockâs market price is $80 per sh
    12·2 answers
  • You want to purchase a new motorcycle that costs $29,800. The most you can pay each month is $510 over the life of the 78-month
    9·1 answer
  • S= (1+r)c. find c if s=174 and R<br> =455
    10·1 answer
  • Your company is estimated to make dividends payments of $2.1 next year, $3.6 the year after, and $4.2 in the year after that. Th
    13·1 answer
  • 1. Using a plantwide overhead rate based on cases, compute the overhead cost that is assigned to each case of Extra Fine Salsa a
    11·1 answer
  • On July 1, 2021, Larkin Co. purchased a $460,000 tract of land that is intended to be the site of a new office complex. Larkin i
    9·1 answer
  • What increases your total loan balance interest accrual or interest capitalization?
    5·1 answer
  • A local butcher and a worker at a cereal factory both work in what Agriculture, Food, and Natural Resource pathway?
    8·1 answer
  • According to the text, reducing many of the tariffs that are still in existence will lead to Blank______.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!