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3 years ago

Define asset-backed security.

2 answers:

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An asset-backed security is a type of financial investment that is collateralized by an underlying pool of assets—usually ones that generate a cash flow from debt, such as loans, leases, credit card balances, or receivables.

Jet001 [13]3 years ago

5 0

Answer:

An asset-backed security is a security whose income payments and hence value are derived from and collateralized by a specified pool of underlying assets. The pool of assets is typically a group of small and illiquid assets which are unable to be sold individually.

Explanation:

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Discuss this statement in relation to George and Lennie: "They render us vulnerable, and in doing so they add dimensions of sign

Dima020 [189]

Answer:

The powerful novel which explores themes of friendship, power, dreams, and the responsibility we have to look out for one another in a sometimes unkind world.

The characters at the heart of the story, George and Lennie, work against all odds to earn enough money to build their dream (to own a place of their own, with alfalfa and rabbits.)

According to the book, their friendship sets them apart from the other men in the world and fuels their aspirations.

I hope it helps, kindly give brainliest if it does.

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3 years ago

Read 2 more answers

Direct labor or machine hours may not be the appropriate cost driver for overhead in all areas of manufacturing due to the compl

lord [1]

Answer:

WATERWAYS CORPORATION

1. Overhead Rates and Actual Cost

Activity Cost Activity-based Actual Cost

Pools Overhead Rates Assigned

Irrigation Installation $148 ($1,928,440/13,030) $1,925,480 ($148 * 13,010)

Machining $0.05 $1,668,800

(all machine use) ($1,668,750/33,375,000) ($0.05 * 33,376,000)

Customer Orders $11 ($28,600/2,600) $28,182 ($11 * 2,562)

Design $109 ($763/7) $654 ($109 * 6)

Selling $15 ($306,000/20,400) $309,150 ($15 * 20,610)

2. Classification of activities by level, unit level, batch level, product level, or facility level:

Testing of products (if all items are tested) Unit level

Testing of products (if all items are not tested) Batch level

Designing new products Product level

Packaging Unit level

Molding Product level

Assembling Batch level

Depreciation Facility level

Machine maintenance Facility level

Advertising Product level

Equipment setups Batch level

Electricity required to run equipment Unit level

Requisitioning materials Unit level

Explanation:

a) Data and Calculations:

ABC system for Waterways.

WATERWAYS CORPORATION

Activity Cost Estimated Expected Use

Pools Cost Drivers Overhead of Cost Drivers Actual Use

per Activity of Drivers

Irrigation Installation Labor cost $1,928,440 13,030 13,010

Machining

(all machine use) Machine hours 1,668,750 33,375,000 33,376,000

Customer orders Number of orders 28,600 2,600 2,562

Shipping none (direct) N/A N/A traced directly

Design Cost per design 763 7 6

Selling Number of sales calls 306,000 20,400 20,610

4 0

3 years ago

You hold a diversified portfolio consisting of a $10,000 investment in each of 20 different common stocks (that is, your total i

jenyasd209 [6]

Answer:

new beta of the portfolio= 1.235

so correct option is b. 1.235

Explanation:

given data

investment = $10,000

common stocks = 20

total investment = $200,000

portfolio beta = 1.2

sell one stocks beta = 0.7

sell = $10,000

purchase another stocks beta = 1.4

to find out

What will be the beta of the new portfolio

solution

we first find increment in beta that is express as

increment in beta = investment × ( purchase stocks beta - sell stocks beta) ÷ total investment .............................1

put here value we get

increment in beta = $\frac{10000*(1.4-0.7)}{200000}$

increment in beta = 0.035

new beta of the portfolio will be

new beta of the portfolio = 1.2 + 0.035

new beta of the portfolio= 1.235

so correct option is b. 1.235

3 0

3 years ago

The articles of incorporation are submitted by the incorporators to the ____ for approval a. Irs . B. Office of the Secretary of

allsm [11]

By definition, the articles of incorporation are business documents wherein it generally contains the background information of a firm as well as its address, name, and contact information. In addition, it is generally presented to the executives most commonly the Secretary of State for approval.

7 0

3 years ago

HELP ASAP !! Matilda just started her first job. She has some difficulty saving money, but she knows she must do it. Which of th

Kisachek [45]

Answer:

She can contribute to her employer's matching benefit.

Explanation:

The best way for Matilda to save is to have the amount she intends to save deducted from her basic salary. By doing this, she will not have direct access to the money, so she cannot spend it. If her employer has a savings matching scheme, then Matilda should join it. Her savings account will grow faster due to her employer's contributions.

A low-interest account will discourage her from saving. The 529 schemes are designed to save money to cater to post-secondary education.

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3 years ago

Define asset-backed security.​

Define asset-backed security.