Below are cash transactions for goldman incorporated, which provides consulting services related to mining of precious metals. a. cash used for purchase of office supplies, $1,550. b. cash provided from consulting to customers, $42,100. c. cash used for purchase of mining equipment, $66,000. d. cash provided from long-term borrowing, $53,000. e. cash used for payment of employee salaries, $23,300. f. cash used for payment of office rent, $11,300. g. cash provided from sale of equipment purchased in c. above, $21,800. h. cash used to repay a portion of the long-term borrowing in d. above, $36,500. i. cash used to pay office utilities, $3,600. j. purchase of company vehicle, paying $9,300 cash and borrowing $14,300.

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