Which of the following is true of disposition of collateral?
A) Disposition of collateral must be a public proceeding.
B) The debtor is entitled to receive any surplus collateral that remains after disposition.
C) The debtor need not be notified of the disposition as the creditor has complete claim on the collateral.
D) Disposition of collateral occurs when the default is by the creditor.
B
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The difference between projects that fail and those that are ultimately successful has to do with:
A) The plans that have been made to deal with problems as they arise. B) The fact that a successful project doesn't encounter problems. C) Whether the project is for an internal or external customer. D) Whether the problem is time- or budget-related.
When an investment banking firm "underwrites" an issue of securities, the firm is performing
which of the following? A) offering to purchase the securities from the firm, thereby assuming the risk of resale to investors B) agreeing to provide insurance that the firm's securities will sell for a price that is established by the firm C) giving legal advice to the firm that is issuing the securities D) agreeing to market the securities to investors for a fee
The effect of an imbalance in the BOP is the same for countries on a fixed exchange rate regime as for those on a floating exchange rate regime
Indicate whether the statement is true or false.
Hubbard Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During January, the kennel budgeted for 2,100 tenant-days, but its actual level of activity was 2,060 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for January:Data used in budgeting: Fixed Element per MonthVariable element per tenant-dayRevenue - $31.10 Wages and salaries$2,300 $7.20Food and supplies 1,000 8.10Facility expenses 9,500 2.70Administrative expenses 7,000 0.30Total expenses$19,800 $18.30?Actual results for January: ?Revenue$63,606 Wages and salaries$17,282?Food and supplies$18,346?Facility expenses$14,432?Administrative
expenses$7,408???The wages and salaries in the planning budget for January would be closest to: A. $17,132 B. $17,420 C. $17,282 D. $17,618