What is an example of a secured credit?

Answers

Answer 1

Answer:

An example of a secured credit is home mortgage or a car loan.

Credit refers to the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.

When any loan is secured, the lender has established a lien against an asset that belongs to the borrower. With mortgages and car loans, the house or car can be seized and liquidated by the lender in the event of default.

Therefore, one example of a secured credit is home mortgage or a car loan.

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Answer 2

Answer:

Answer: C: Mortgage

Explanation:

A common example of a secured line of credit is a home mortgage or a car loan. When any loan is secured, the lender has established a lien against an asset that belongs to the borrower. With mortgages and car loans, the house or car can be seized and liquidated by the lender in the event of default.

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In an attempt to have funds for a down payment in five years, james dupont plans to save $3,800 a year for the next five years. with an interest rate of 4 percent, what amount will james have available for a down payment after the five years?

Answers

The amount that James will have available for a down payment after the five years is $3648.

What is a down payment?

Down payment is the payment that is given in small divisions for a large amount of money. The cash upfront paid by the buyer in real estate transactions and other significant purchases is known as a down payment on a house.

For a home being used as a primary residence, down payments, which are typically a percentage of the purchase price.

To calculate the amount of available money for the down payment, we should first calculate the 4% of the amount of money which is $3,800

The interest rate is 4%

Calculate the interest rate of the money

4% of 3800 = 152

The amount is then subtracted by $3,800

3800 - 152 = 3648

Therefore, James will have $3648 available for the down payment after 5 years.

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1. Find 4% of 3800: 152

2. 3800-152

3. James will have $3648 available for the down payment after the 5 years.

On January 1, 2011, Deuce Inc. acquired 15% of Wiz Co.'s outstanding common stock for $62,400 and categorized the investment as an available-for-sale security. Wiz earned net income of $96,000 in 2011 and paid dividends of $36,000. On January 1, 2012, Deuce bought an additional 10% of Wiz for $54,000. This second purchase gave Deuce the ability to significantly influence the decision making of Wiz. During 2012, Wiz earned $120,000 and paid $48,000 in dividends. As of December 31, 2012, Wiz reported a net book value of $468,000. For both purchases, Deuce concluded that Wiz Co.'s book values approximated fair values and attributed any excess cost to goodwill. What amount of equity income should Deuce have reported for 2012?

Answers

Answer:

$30,000

Explanation:

Calculation for the amount of equity income to reported

Using this formula

Equity income=[(Amount earned in 2012×(Outstanding common stock percentage +Additional percentage of Wiz)]

Let plug in the formula

Equity income = [($120,000 ×(15%+ 10%)]

Equity income = ($120,000 ×25%)

Equity income= $30,000

Therefore the amount of equity income to reported for 2012 will be $30,000

When meeting someone from a different culture it is more useful to focus on ________, or central tendencies and patterns within a culture which recognize that there are variations of beliefs, behavior and values within that culture.a. prototype
b. stereotype
c. halo bias
d. fundamental attribution error

Answers

Answer:

Option A: Prototype

Explanation:

culture is basically the way of life of people in a place. It is a system of beliefs, values, and ways of life that are shared or common with(by) a group of people.migration in the world today has made people with different cultures to be intertwined. Understanding your cultures is good but to foster growth, peace and love wherever we are among other cultures and traditions, one must learn to understand other people cultures around is as it will help in building faith, love and peace. Cultural differences appear in a number of important areas, including nonverbal signals, gender. Religion and attitudes toward work and success.

Focus on the original, early model,/sample(prototype), central tendencies and patterns within a culture will help us to recognize that there are a lot of difference in the beliefs, behavior and values within that culture.

______________ is/are an example of a detective control. a. Physical access controls b. Encryption c. Log analysis d. Emergency response teams

Answers

Answer:

Explanation:

Detective Control: An accounting term used to find problems within a company's processes

Log Analysis is a computer management system that logs records. This log analysis records everything, so if there is an ongoing problem, it will be recorded. Once its recorded and known, a solution can be provided.

One year ago, a U.S. investor converted dollars to yen and purchased 100 shares of Nardasausau stock in a Japanese company at a price of 3,150 yen per share. The total purchasing cost was 315,000 yen. At the time of purchase, in the currency market 1 yen equaled $0.00952. Today, Nardasausau stock is selling at a price of 3,465 yen per share, and in the currency market $1 equals 130 yen. The stock does not pay a dividend. If the investor were to sell the stock today and convert the proceeds back to dollars, what would be his realized return on his initial dollar investment from holding Nardasausau stock?

Answers

Answer:

$242.31

Explanation:

Purchasing cost of 100 shares a year ago = 315,000 yen

Today, 1 share = 3,465 yen

100 shares = 100×3,465 yen = 346,500 yen

Proceeds = 346,500 yen - 315,000 yen = 31,500 yen

Today, $1 = 130 yen

31,500 yen = $31,500/130 = $242.31

The Victor Company sells two products. The following information is provided: Product A Product BUnit selling price$100 $150 Unit variable cost$30 $70 Number of units produced and sold 20,000 60,000 What is the weighted average contribution margin per unit?A. $75.00
B. $80.00
C. $77.50
D. $72.50