In March, Margaret made a loan to Pete for $10,000 . Three months later, she began to hear rumors about Pete's failing financial condition. When in July, Pete asked her to loan him an additional $2,000 to buy inventory, Margaret required a security interest in the inventory and also demanded that Pete secure the first loan with his personal automobile. In September, Pete filed bankruptcy. Will
these security interests stand up?
a. Yes, if they are properly filed.
b. Yes, since they are for antecedent debts.
c. No, both will be voidable preferences.
d. No, the security interest in the automobile would be a voidable preference.
d
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Almondine Company sold a computer for $50,000 . The computer's original cost was $250,000, and the accumulated depreciation at the date of sale was $180,000 . The sale of the computer should appear on Almondine's annual statement of cash flows (indirect method) as
a. a reduction in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $50,000. b. an increase in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $50,000. c. a reduction in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $70,000. d. an increase in cash flows from operating activities of $20,000 and an increase in cash flows from investing activities of $70,000.
A recent survey suggests that ________ of Fortune 1000 firms use some form of a multisource feedback review program.
A. 90 percent B. 25 percent C. 75 percent D. 10 percent
The -chart would be useful when we
A) took a number of measurements and computed the average. B) took a number of measurements and computed the ranges. C) found the fraction of the production lot defective. D) found the number of defective items in a production lot. E) None of the above
Before granting an injunction enjoining a former employee from competing in a described territory, the courts insist that the employer demonstrate that the restriction is ________ to protect the employer's legitimate interest
a. necessary b. exculpatory c. unconscionable d. usurious