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lisabon 2012 [21]
3 years ago
6

When someone takes out a mortgage loan to buy a house, the mortgage lender can take possession of the house and sell it if the b

orrower defaults by failing to make payments on the loan because the house is being pledged as ________ for the loan. Select one: A. collateral B. a liability C. goodwill D. insurance Clear my choice
Business
1 answer:
AnnZ [28]3 years ago
8 0

Answer:

A. Collateral

Explanation:

A collateral is a valuable item, a property or an asset that is offered by a borrower of a loan to the lender of the loan as a form of loan security, such that the lender can take possession of the asset, monetize the asset and recover the losses. Collateralized loans includes car loans and mortgages.

Lending such as those given in business credit card does not require loan securities

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Morris company applies overhead based on direct labor costs. For the current year, morris company estimated total overhead costs
spin [16.1K]

Answer:

At year-end, factory overhead is $21,000

Explanation:

Predetermined overhead rate = (Estimated overhead costs/Estimated direct labor costs)

Predetermined overhead rate = ($404000 / $2020000) = 20%*Direct labor costs

Hence, Applied overhead costs= (20% * $1,810,000)

Applied overhead costs=$362000.

Hence balance in factory overhead account at year end = $383,000 - $362,000  

=$21,000.

8 0
3 years ago
President bill clinton attempted to protect american firms from foreign competition by placing a government tax on japanese auto
lukranit [14]

C.  A tariff

Tariffs are taxes imposed on imported foreign goods and are designed to encourage people to buy domestic products

6 0
3 years ago
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Bering rock acquires a granite quarry at a cost of $590,000, which is estimated to contain 200,000 tons of granite and is expect
eimsori [14]
<span>The expense would be $112,100. After putting 38,000 over 200,000 tons (38000/20000), dividing this would provide you with the percentage of rock removed. Which is 0.19, after which you would multiply this by 590,000 which would you bring you to the expense for removal.</span>
3 0
3 years ago
sells one-year online subscriptions for viewing classic movies. Customers are required to pay for the subscription at the beginn
lesya [120]

Answer:

a. Debit deferred revenue and credit service revenue for $9000.

Explanation:

Note: The full question is attached as below

Subscription earned for 9 months = $12000 / 12 * 9

Subscription earned for 9 months = $9,000

Date                 Account titles              Debit    Credit

Dec 31, 2021    Deferred revenue       $9,000

                             To Service revenue                $9,000

4 0
2 years ago
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dem82 [27]

Answer:

The correct answer is d) goals

Explanation:

Any project, business or investment; requires some results, which are formally known as goals. The goals of a business are variable, but usually, it is to generate profitability. When the objectives of a project are constructed, they seek to reach or achieve a specific goal.

Example: The goal of addidas is to sell XXX quantity of his product during the current year.

3 0
3 years ago
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