Business, 09.03.2020 18:57 roscoe53

Suppose that Jim just got a $20,000 loan from his credit union to buy a new car. The loan is a for Jim and a for the credit union. financial asset; liability liability; financial asset liability; physical asset financial asset; financial asset

Answers: 3

Show answers

Answers

Answer from: glocurlsprinces

The loan is a liability for Jim and a financial asset for the credit union.

Explanation:

Liabilities shall be defined as either the legal liabilities of a corporation or liabilities arising during its operations. The liability can also be limited or limitless. Liabilities are compensated over time, including income, products, service, via the exchange of economic advantages.

The reports of liabilities included loans, accounts payable, deposits, taxable taxes, paid insurance, unpaid insurance and charges incurred on the right side of the balance sheet. You can also change your responsibility for marriages.

A financial asset is a non-physical property that derives its value from contractual debt, including bank deposits, bonds and shares. Economic assets are typically more liquid and trad-able in finance than other financial assets like energy or real estate.

Answer from: Quest

$11,000 is the answer you are looking for

Answer from: Quest

My first question is what benefits do you expect to achieve from career exploration? the benefits that i expect to achieve from career exploration. for me i think the benefits of exploring many different careers are that you get exposed to more, so it's easier for you to pick which one you like best. another benefit is that you get a more first hand view of what jobs are more likely to be needed in the future and that can be factored into your consideration. my second question is what do you expect to be the most challenging parts of your career planning process? why? the most challenging parts of my career planning process is trying to get things in order and trying to write this paragraph it is confusing and, hard work. and last but not least my third question is i think the most challenging part is taking the first step and really deciding on a career you want to pursue; there are so many options and it can be hard to choose.which jobs will allow me to make a living? ; what skills does emergency medical technician emergency medical services medical » physiology require?

Another question on Business

Business, 22.06.2019 06:30

Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2

Answers: 2

Answer

Business, 22.06.2019 11:10

Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?

Answers: 3

Answer

Business, 22.06.2019 16:50

According to ceo heidi ganahl, camp bow wow requires a strong and consistent corporate culture to keep all local franchise owners "on the same page" and to follow a common template for the business and brand. this culture could become detrimental over time because: (a) strong consistent cultures are inflexible and incapable of adapting to environmental change (b) strong consistent cultures are too flexible and capable of adapting to environmental change (c) strong consistent cultures don’t perform well in any environment (d) the passing of time provides stability and predictability for businesses

Answers: 2

Answer

Business, 22.06.2019 18:00

Acountry made education free in mandatory up to age 15. it is established 100 new schools to educate kids across the country. as a result, citizens acquired the _ required to work. the school's generated _ for teachers and other staff. in 20 years, to countryside rapid _ and its gdp.

Answers: 3

Answer

You know the right answer?

Suppose that Jim just got a $20,000 loan from his credit union to buy a new car. The loan is a for...

Questions