Collateral can be beneficial for borrowers when applying for a loan by a. offering lenders additional financial gain if borrowers defaults on their loans b. lessening the total loan amount, making it easier for borrowers to be approved c. giving lenders protection against financial loss and more reason to approve loans d. demonstrating that borrowers have ownership of high-end goods and can obviously make their loan payments

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.