All of the following are elements of attachment except: ______
A) the filing of a financing statement
B) a security agreement
C)value received by the debtor
D)the debtor has rights in the collateral
A
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The objective function min P1d1- , P2d2+:
A) attempts to avoid being below target for the priority 1 goal. B) attempts to avoid being below target for the priority 2 goal. C) will not have any feasible solutions. D) will have a solution only if P1 > P2.
Michelin manufactures tires, which truck producers buy and install on their trucks. Based on this description, which of the following is true?
A. For Michelin, product quality is important but delivery reliability is not. B. Michelin is likely to have few opportunities in the aftermarket. C. Michelin is selling to the OEM. D. Michelin sells installations for which multiple buying influence is likely to be quite important. E. All these answers are correct.
If the consumer price index for the United States rises from 350 at the end of a year to 365 at the end of the next year, how much inflation was there in the United States during that year?
What will be an ideal response?
Pettijohn Inc.The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.
Balance Sheet (Millions of $) Assets2016 Cash and securities$ 1,554.0 Accounts receivable9,660.0 Inventories 13,440.0 Total current assets$24,654.0 Net plant and equipment 17,346.0 Total assets$42,000.0 Liabilities and Equity Accounts payable$ 7,980.0 Notes payable5,880.0 Accruals 4,620.0 Total current liabilities$18,480.0 Long-term bonds 10,920.0 Total liabilities$29,400.0 Common stock3,360.0 Retained earnings 9,240.0 Total common equity$12,600.0 Total liabilities and equity$42,000.0 Income Statement (Millions of $)2016 Net sales$58,800.0 Operating costs except depr'n$55,274.0 Depreciation$ 1,029.0 Earnings bef int and taxes (EBIT)$ 2,497.0 Less interest 1,050.0 Earnings before taxes (EBT)$ 1,447.0 Taxes$ 314.0 Net income$ 1,133.0 Other data: Shares outstanding (millions)175.00 Common dividends$ 509.83 Int rate on notes payable & L-T bonds6.25% Federal plus state income tax rate21.7% Year-end stock price$77.69 Refer to the data for Pettijohn Inc. What is the firm's profit margin? A. 1.40% B. 1.56% C. 1.73% D. 1.93% E. 2.12%