Green Company is a calendar-year U. S. firm with operations in several countries. At January 1, 2021, the company had issued 42,000 executive stock options permitting executives to buy 42,000 shares of stock for $27. The vesting schedule is 20% the first year, 30% the second year, and 50% the third year (graded-vesting). The fair value of the options is estimated as follows: Vesting Date Amount Vesting Fair Value per Option Dec. 31, 2021 20 % $ 9 Dec. 31, 2022 30 % $ 10 Dec. 31, 2023 50 % $ 14 Assuming Green uses the straight-line method, what is the compensation expense related to the options to be recorded in 2022

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

To be honest, here's what i think. i think the answer is (and i'm not exactly sure), that it is, both personal and household income.

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