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Vedmedyk [2.9K]
2 years ago
13

In two paragraphs, compare secured and unsecured types of credit. Secured sources of credit include title loans and personal loa

ns. Unsecured sources of credit include peer-to-peer loans and payday loans. Research one type of credit from each category (secured and unsecured) to compare the sources of credit. In the first paragraph, compare secured and unsecured credit and briefly describe the two types of loans you researched. In the second paragraph, compare these two types of loans. Your comparison should discuss elements such as risks and rates. Be sure to support your comparison with evidence.
Business
1 answer:
grigory [225]2 years ago
3 0

Secure credit is credit that is given with a connection to a piece of collateral, such as a car or a home. This means that, if you were to default on your payments, the lender would be legally entitled to taking possession of the collateral. An example of this is a car loan, which is a loan that is used to purchase a car. On the other hand, an unsecured loan is one that is not protected by any collateral. This means that the lender cannot immediately take your property of you default on the loan. An example of this is a credit card.

In the case of a secured car loan, interests tend to be lower because of the security that the collateral (the car) provides. Moreover, these loans tend to provide interest rates that are fixed, which means that it is easier to plan for this expense and avoid falling behind on payments. The risk for the lender is less with a secured loan, as he is able to take the property and resell it if the borrower is unable to repay the loan. On the other hand, credit card are riskier for the lender (the bank) as they are unsecured, and this means that they are unable to immediately take any property from the borrower who did not repay. Because of this high risk, interest rates also tend to be high.

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Larry recently invested $24,400 (tax basis) in purchasing a limited partnership interest in which he will have no management rig
n200080 [17]

Answer:

$2,600.

Explanation:

Considering the available information given the in the question, we have:

Larry’s tax basis is $24,000

His at-risk amount is $24,000.

Consequently, the basis and at-risk hurdles are not considered.

On the other hand, given that Larry still may not deduct $2,600 of the $3,750 loss because he only has $2,600 of passive income for the year.

Hence, Larry has a $2,600 passive activity loss carryover.

Therefore, the Deductible Loss is $2,600.

8 0
1 year ago
Suppose Zenon Co. issued a long-term bond and received $250,000 cash from the issuance during 2015. The company also issued 12,0
Vesna [10]

Answer:

Option (c) is correct.

Explanation:

The net impact in Cash flow statement (Cash flow financial activities  will be:

= Amount received from issuing bonds + Amount received from issuing common stock + Paid for dividend

= $250,000 + $260,000 + $165,000

= $345,000

Note:

Long-term bond & issue of common stock are Cash inflow from financial operations.

Dividend paid is regarded as Cash outflow from financial operations.

5 0
2 years ago
Gore Global is considering the two mutually exclusive projects below. The cash flows from the projects are summarized below.
coldgirl [10]

Answer:

D

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

Flying Car

Cash flow in year 0 = -$200,000

Cash flow in year 1 = 50,000

Cash flow in year 2 = 50,000

Cash flow in year 3 =80,000

Cash flow in year 4 =100,000

IRR = 13%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

7 0
1 year ago
How has globalization contributed to the need for diversity awareness in our organizations?
amid [387]

Answer and explanation:

Globalization has lowered barriers among countries. From a computer, people in remote parts of the world can access to information about attracting countries that offer job positions matching their skills. Some of them are qualified employees that contribute to foreign entities to improve thanks to their diverse experience. Of course, firms have noticed this fact and are more conscious nowadays that overseas employees can play a key role in achieving their objectives. That is the reason why they have started to open up positions especially for qualified immigrants.

3 0
1 year ago
"Your team is allocated a project involving a major client, the Beswick Company. Although the organization has many clients, thi
ser-zykov [4K]

Answer:

B. a high degree of centrality

Explanation:

According to the model of power, there are four contingencies of power which are; <u>centrality</u> ,substitutability, visibility and discretion and each may be high or low within the organization, depending on the scenario.

Centrality refers to <u>how dependent others are, on the person or group holding power, and to what extent the actions of those holding power can affect the people depending on them.</u>

The higher the number of people dependent on the power holder, the higher the degree of centrality.

Therefore, my team has a high degree of centrality because the work of several other teams are dependent on my team's performance.

6 0
1 year ago
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