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soldi70 [24.7K]
3 years ago
14

A contract pledging title to assets as security for a node or bond is known as (an):

Business
1 answer:
Montano1993 [528]3 years ago
8 0

Answer:

B. Mortgage.

Explanation:

This is simply explained to be a loan that has been taken in retrospect to purchasing of lands or property. This is of different forms, some are said to run for 15 years while some run up till 30 years in some cases too. In many cases, they are sometimes addressed to be "claims on property". Some are seen to be fixed-rated and in this case, borrowers are known to pays the same interest rate for the life of the loan.

In as much as they are forms of rights from incoperation, individuals and businesses use mortgages to make large real estate purchases without paying the entire purchase price up front. Borrower also repays the loan, plus interest, until she or he owns the property free and clear.

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The following information is available for Fuller Manufacturing Company for the month ending October 31:_______.
denis23 [38]

Answer:

$6,625,000

Explanation:

Direct material $1,323,600

Direct labor. $1,680,000

Total factory overhead. $3,544,200

Add: Opening work in process inventory $455,300

Less: Closing work in process inventory ($378,100)

Costs of goods manufactured $6,625,000

8 0
3 years ago
Mountain Bikes, Inc. (MBI), and Nero enter into a contract for a sale of amountain bike. MBI, a merchant who deals in goods of t
elena-s [515]

Answer:

B) making warranties easier to understand.

Explanation:

The Magnuson Moss Warranty Act of 1975 governs consumer product warranties. Manufacturers are not required to offer product warranties, but when they do, they are required to provide clear and detailed information about warranty coverage. This law applies only to products, it doesn't apply to services.

3 0
3 years ago
A company reports the following information for June: Sales revenue $ 104,000 Income tax expense $ 11,000 Operating expenses 22,
Elodia [21]

Answer:

Gross profit    $39,000

Explanation:

X company

Income statement ( parochial)

For the year ended, June 30 20YY

Sales revenue                                                       $104,000

Less: cost of goods sold                                       $65,000

Gross profit                                                            $39,000

In that case, we do not use Income tax expense, Operating expenses, Deferred revenues, Non-operating revenues because those will be needed when we will calculate the net income.

5 0
3 years ago
Which of the following practices will lead to effective recognition and rewarding of employees? Select one: a. Tying rewards to
MA_775_DIABLO [31]

Answer:

Rewarding behavior, not just results

Explanation:

Effective recognition means that you have to recognize the effort that being put by the person , not just the ideal outcome.

Let's say that you want to influence your employees to improve their productivity. There is a chance that some might fall and some might succeed.

Those who fall does not necessarily make lesser effort than those who success. There is a chance that they're focusing their effort on the wrong things.

In such situations, you need to acknowledge and reward the fact that they're willing putting the effort and give them advice on how to nudge the effort's direction so it become more effective.

4 0
3 years ago
The total cost of producing 15 tons of butter is $35000. If average variable cost is $530, then what is the firm's average fixed
saw5 [17]

Answer:

$1803.33

Explanation:

average total cost = average variable cost + average fixed cost

average total cost = total cost / quantity = $35000  / 15 = $2,333.33

average fixed cost = $2,333.33 -  $530 = $1803.33

5 0
3 years ago
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