The correct option is B.
In case of non repayment of loan, the lender can sell the collateral and used the proceeds to cover his losses. A collateral is always in form of properties which are substantial in value, it is often requested that borrowers provide collateral in order to reassure lenders that they will pay up.
Answer:
Country A to specialize in growing corn while country B specializes in making cars
Answer:
Particulars Amount
Provision for uncollectible $6,080 ($76000*8%)
Less: Provision already made <u>$1,000</u>
Provision to be made <u>$5,080</u>
Date Particulars Debit Credit
31-Dec Bad Debts $5,080
To Allowance for Doubtful Accounts $5,080
(Being the adjusting entry to estimate bad debts)
Bonus interest is it's name
Answer: B- help employers find the right people for jobs.
Explanation:
An executive search firm is paid firm which organisations adopt because they are known for having experienced and professional recruiters who are experts in recruiting activities for organisations. Their role includes identifying the qualifications needed for a given role, creating a candidate pool to assess candidates’ ensuring their skills, experience, and personalities align with the open position and directing the best candidate to the specific employer.
Most companies tend to adopt the Executive search firms especially when Role is new and Beyond Internal Expertise or when such firm wants to remain confidential in its search.
Generally, recruiting the right people in the right roles is not easy also it is a process that requires investments of time, since companies have found out they are experts in helping employers find the right people for jobs, they have become a solution in that regard.
