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2 years ago

Define the term collateral and include two examples

1 answer:

5 0

Collateral is an asset or piece of property that a borrower offers to a lender as security for a loan. ... An example of unsecured lending is a business credit card. Borrowers do not offer collateral when using a credit card. Since the loan is unsecured, credit cards typically carry higher interest rates.

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"Snoop Company sells collectibles. The following information summarizes Snoop Company's operating activities for the most recent

Mkey [24]

Answer:

The answer is $30000

Explanation:

$ $

Sales 195000

Less cost of sales

Opening stock 12000

Add purchases 97000

109000

Less closing stock 6000

103000

Gross profit 92000

Less operating expenses 62000

Operating income 30000

The operating income is $30000

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3 years ago

Imagine that you earned $8,425 in one year. If the government enforces a 15% income tax, how much money would you owe in taxes a

AleksandrR [38]

$7165.25 hope this help =]

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2 years ago

Read 2 more answers

Z is a normal good. The equilibrium price and equilibrium quantity of Z in the year 2011 was $25 and 60 units, respectively. In

Ymorist [56]

Answer:

D) Shift of the demand curve for Z to the left

Since both the equilibrium quantity and price decreased.

Explanation:

A rightward shift of the demand curve should increase both the equilibrium price and quantity.

A rightward shift of the supply curve should increase the equilibrium quantity and decrease the equilibrium price.

A leftward shift of the supply curve should increase the equilibrium price and decrease the equilibrium quantity.

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3 years ago

If an issuer sells bonds at a premium: Multiple Choice The carrying value increases from the par value to the issue price over t

AnnyKZ [126]

Answer:

The carrying value decreases from the issue price to the par value over the bond’s term.

Explanation:

The carrying value of a bond is the par value or face value of that bond plus any unamortized premiums or less any unamortized discounts. The net amount between the par value and the premium or discount is called the carrying value because it is reported on the balance sheet. When a bond is issued at a premium, the carrying value is higher than the face value of the bond.

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3 years ago

On January 1, 2015, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a sal

anzhelika [568]

Answer:

Dr Fixed asset equipment_________$10000

Cr Cash_______________________________$10000

purchased equipment

Dr Depreciation expense____________$1800

Cr Acummulate Depreciation_______________$1800

Anual depreciation

Explanation:

Dr Fixed asset equipment_________$10000

Cr Cash_______________________________$10000

purchased equipment

Dr Depreciation expense____________$1800

Cr Acummulate Depreciation_______________$1800

Anual depreciation

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3 years ago

Define the term collateral and include two examples​

Define the term collateral and include two examples