The statement "The value of an item where the borrowers owned but they are not at the repossession risk" is to be true.
The unsecured loan is the type of loan in which there is no need for any type of collateral property.
The lender does not takes the assets of the borrower as the security but it gives the approval of an unsecured loan depends upon the creditworthiness of the borrower.
Examples are:
- Personal loans.
- Students loans.
- Credit cards.
The following information related to unsecured loans is
- It does not for cars, houses, or any other large purchases
- In this, the collateral does not involve.
- It contains high interest.
Therefore we can conclude that, option d is correct.
Learn more about the unsecured loan here: brainly.com/question/8347317
Well i don't know what the question is but i am guessing that you would want to keep the flowers growing and in good shape
The option that should be included in the opportunity cost is <u>c. the </u><u>savings </u><u>that would come from </u><u>buying </u><u>the </u><u>wingtips</u><u>.</u>
<h3>What is Opportunity Cost?</h3>
- Arises from the fact that scarcity forces us to pick an alternative over another.
- Is quantified as the benefit of an alternative that is foregone when we pick another alternative.
The benefit that would be foregone in picking the slip-ons would be the $50 saving that Sean would have made had he picked the wingtips.
In conclusion, option C is correct.
Find out more about opportunity cost at brainly.com/question/623811.
Answer:
The correct answer is Congruence.
Explanation:
Any company that makes its financial statements available to the public will conform to GAAP standards. The congruence principle is one of the fundamental lines established by the Financial Accounting Standards Board (FASB) This process is different from the cash accounting principles that the total amount of income or expenses is recorded regardless of when They have an impact on the cash flow of the company. The GAAP congruence principle helps to provide a clear and accurate picture of cash on hand, the revenue generated and expenses incurred at a specific point in time (see Resources below).
In order to minimize errors and provide accurate account information during the accounting period, companies can recognize expenses and revenues that occur within a time-giving period. The GAAP congruence principle recognizes expenses when they are incurred, and when it distinguishes between deferred income and accrued expenses in order to determine its real value of the company at a given time.
<span>The money supply can be reduced by not continuing to print new bills. Banks could be asked not to distribute more than a set amount of money, thereby lessening the amount of money put into general circulation. Sellers could raise the price of their goods and services. When prices rise, people take a closer look at their goals and their disposable income. Cost of living usually results in more prudent spending, more savings, and less money in general circulation.</span>
