Which of the following is true?
a. A security agreement may create or provide for a security interest in property that the debtor presently does not own or have rights to.
b. Obligations covered by a security agreement may not include future advances.
c. Federal regulation allows a credit seller or lender to obtain a nonpossessory security interest in a consumer's household goods, such as furniture, appliances, and clothing, whether as a purchase money security interest or otherwise.
d. Encryption of a record cannot serve as a debtor's authentication of a security agreement.
a
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Illustrate the differences between a straight rebuy, a modified rebuy, and a new-task purchase
What will be an ideal response?
Chains can receive new items as soon as they are introduced, get proper service and selling support from suppliers, and obtain the best prices. These advantages refer to _____
a. economies of scale b. a centralized organization c. quantity discounts d. bargaining power
Prior period adjustments are reported in the:
A. Multiple-step income statement. B. Statement of retained earnings. C. Statement of cash flows. D. Single-step income statement. E. Balance sheet.
A company had the following purchases and sales during its first month of operations: January 1Purchased 10 units at $4.00 per unitJanuary 9Sold 6 units at $12.00 per unitJanuary 17Purchased 8 units at $5.50 per unitJanuary 27Sold 7 units at $12.00 per unit Using the Perpetual weighted average method, what is the value of cost of goods sold? (Round weighted average costs per unit to 2 decimal places.)
A. $24.00. B. $40.00. C. $25.00. D. $23.35. E. $59.00.