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1 year ago

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A lender might investigate a borrower’s personal assets if that borrower was part of which of the following organizations?

1 answer:

alexira [117]1 year ago

4 0

A lender might investigate a borrower’s personal assets if that borrower was part of which of the following organizations?

General partnership

Corporation

Limited partnership

REIT

In a general partnership, lender checks the personal assets of the borrower.

Answer: Option A

<u>Explanation:</u>

General partnership means is an agreement in the business in which the partners who are going to enter in the business together will share the assets, profits, liabilities etc of the business all together.

It is the basic form of partnership under the common law in most of the countries of the world. Here the partners enter into agreement with each other to work for the business together. It is an unincorporated organisation having a proof of existence.

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Super Grocery store allocates its service department expenses to its various operating (sales) departments. The following data i

maks197457 [2]

Answer: $8500

Explanation:

The total administrative expense allocated to the Meats department will be calculated thus:

= (Total administrative expense/Total Sales in square Feet) × Meat Department sales in Square Feet

= (17000/3200) × 1600

= $8500

The total administrative expense allocated to the Meats department is $8500.

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1 year ago

Clothes Unlimited is a company that integrates agility into their supply chains. The company employs regular small-batch deliver

jasenka [17]

Answer:

d. They coordinate dosely with suppliers and service providers to reduce customer wait times.

Explanation:

Companies that use agile style of operations focus on incremental delivery of service, continual planning, team collaboration, and continuous learning.

This gives the company the ability of responding quickly to market changes by coordinating closely with suppliers and service providers to reduce customer wait times.

Clothes Unlimited is an example of an agile company that integrates agility into their supply chains. The company employs regular small-batch deliveries to all of its stores twice a week and uses real-time data to assess customer preferences

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1 year ago

Read 2 more answers

Wildhorse Construction Company had a contract starting April 2021, to construct a $24900000 building that is expected to be comp

jek_recluse [69]

Answer:

The construction in process amount reported at December 2021 is $13,695,000

Explanation:

In this question, we are asked to state the amount the company will report construction in the process of.

Firstly, we calculate the profit = Total contract price - Expected costs of contract = $24,900,000-$22,900,000 = $2,000,000

The profit in percentage of cost is; 2,000,000/22,900,000 = 8.73%

The costs incurred in 2021 is $12,595,000

The proportionate profit = 12,595,000 * 8.73 = $1,100,000

The construction in process at December 2021 = Cost incurred + Proportionate profit = 12,595,000 + 1,100,000 = $13,695,000

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2 years ago

Which of the following lists contains, in this order, natural resources, physical capital, and human capital?

goblinko [34]

Answer:

Option a.

Explanation:

Natural resources are those resources which we get directly from the natural sources like land, forest, minerals, etc
Physical capital is a piece of the generation procedure, what financial specialists call a factor of creation. It incorporates things like structures, hardware, gear and PCs.

Human capital is the load of propensities, information, social and character qualities epitomized in the capacity to perform work to create monetary worth.

Human capital is exceptional and contrasts from some other capital. It is required for organizations to accomplish objectives, create and stay inventive.

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2 years ago

Which loan created a habit where the borrower kept coming back to request an extension?

Anna35 [415]

Answer:

Extension proposals are not rare because of the buyer's perspective of bridging finance as well as the explanations for both the requirements can indeed be broad. The much more common explanations are.

Explanation:

It has required longer than planned to secure planning approvals.
When a transaction has been negotiated, the borrower awaits an exchange of contracts.
Additional resources as well as time are needed by the creditor to accomplish his project.
Refurbishment analysis was suddenly postponed.
Before actually refinancing the debt, the creditor waits for something like a new lender to conclude his thorough research.
Throughout the final moment, the buyer of the creditor's property backs out, causing the borrower to bring the estate back into the marketplace.
Throughout the last minute, the previous buyer refinancing the property backs out, obliging the creditor to find some mortgage company.

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1 year ago