What is the loan clause stating that if you default on a secured loan, the lender can repossess whatever is secured, as well as bill you for the difference if that repossession does not cover what you owe?
A) Insurance clause
B) Default clause
C) Recourse clause
D) Deficiency payments clause
E) None of the above
Answer: D
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Use the five transactions for Hennigan Company described below to answer the question(s) that follow(s). Dec 1 Hennigan purchases two new saws on credit at $375 each. The saws are added to Hennigan's rental inventory. Payment is due in 30 days. 8 Hennigan accepts advance deposits for tool Company of $75. 15 Hennigan receives a bill from Farmer's Electric Company for $150 . Payment is due in 30
days. 20 Customers are charged $750 by Hennigan for tool Company. Payment is due from the customers in 30 days. 31 Hennigan receives $500 in payments from the customers that were billed for Company on December 20. Refer to the transactions for Hennigan Rentals. Based on the October 15 transaction, Farmer's Electric will record which of the following in its accounting records? a. a credit in Accounts Payable for $150. b. a credit in Accounts Receivable for $150. c. a debit in Accounts Payable for $150. d. a debit in Accounts Receivable for $150.
A popular method to measure lifestyles and tie them to geography is called?
a. Instrumental and terminal value analysis b. Family life cycle geocoding c. PRIZM Clusters d. Personicz® Lifestyle Geoclusters e. C and D above
Data collected at the same, or approximately the same, point in time are
a. time series data b. approximate time series data c. crossectional data d. approximate data
Which of the following major human resource functions would include building effective teams within an organizational structure?
A. Employee and labor relations B. Safety and health C. Human resource development D. Human resource research