Rungby Corporation has two major business segments--North and South. In September, the North business segment had sales revenues of $260,000, variable expenses of $145,000, and traceable fixed expenses of $33,000. During the same month, the South business segment had sales revenues of $930,000, variable expenses of $488,000, and traceable fixed expenses of $177,000. The common fixed expenses totaled $262,000 and were allocated as follows: $131,000 to the North business segment and $131,000 to the South business segment. A properly constructed segmented income statement in a contribution format would show that the segment margin of the East business segment is:

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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