The best way people can use their Personal loans is to buy or pay for groceries. As there are other separate loans for the things like car, home and pay for college.
<h3>what is a personal loan?</h3>
A loan is issued for non-essential purposes, usually to a person with a good credit score who is not required to submit collateral to back up the loan.
A personal loan can be utilized for practically any reason, including settling credit card debt, home upgrades, and large purchases.
Thus option D is correct.
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Answer:
$42 Million
Explanation:
The computation of the total cash dividend is shown below:-
Year Net Income Profitable capital Expenditure Dividends
1 $14 Million $8 Million $6 Million
2 $18 Million $11 Million $7 Million
3 $9 Million $6 Million $3 Million
4 $20 Million $8 Million $12 Million
5 $23 Million $9 Million $14 Million
Total cash dividends $42 Million
The balance in Discount on Bonds Payable that is applicable to bonds due in three years would be reported on the balance sheet in the section entitled of Long-term liabilities.
What is Long-term liabilities?
Long-term liabilities can be regarded as loans aa well as other financial obligations that the repayment schedule would be expected to last over a year.
Some of the examples long-term liabilities are;
- deferred revenues
- post-retirement healthcare liabilities.
- bonds payable
- long-term loans
- pension liabilities
It should be noted that balance in Discount on Bonds Payable that has a due time of three years would be reported at Long-term liabilities section.
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Answer: Explicit knowledge.
Explanation: Pierce Bailey takes record of clear and fully detailed information for his company, for the company to have an explicit knowledge of all calls he makes.
An explicit knowledge of an information means that the information is clear with nothing hidden.
<span>When a firm doubles its inputs and finds that its output has more than doubled, this is known as economies of scale. When a business has reached economies of scale, that means there is an equal amount saved in costs by increasing the production amount. The more you produce the lower the cost is to produce those items and the more amounts of items you have to sell.
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