Brief exercise 12-5 the net income for teal mountain inc. for 2017 was $293,800. for 2017, depreciation on plant assets was $66,500, and the company incurred a loss on disposal of plant assets of $27,800. compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the company’s accounts. (show amounts that decrease cash flow with either a - sign e. g -15,000 or in parenthesis e. g. (15,

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

The answer is yes it's correct they have to guarantee that job back when they come back