Bagsby owns a business selling insects for organic gardening. Bagsby is seeking a loan from First Natural Bank. The loan officer is asking that the loan be secured by Bagsby's inventory of insects, now owned or hereafter acquired. In order to do this, a new security agreement will need to be signed each time Bagsby gets new insects or sells his insects
a. True
b. False
Indicate whether the statement is true or false
False
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At December 31, 2015, the accounting records of Wyndam Corporation contain the following: Accounts payable $ 16,000 Accounts receivable $ 40,000 Land 240,000 Cash ? Capital stock ? Equipment 120,000 Building 180,000 Notes payable 190,000 Retained earnings 160,000 If capital stock is $260,000, what is the December 31, 2015 cash balance?
a. $46,000 b. $506,000 c. $94,000 d. $86,000
Ralph, a representative for Statewide Truck & Transport Company, delivers a receipt issued by Thelma, the owner of United Storage Warehouse, for goods held in the warehouse to Vicky, the buyer for Wattage, Inc This is A) a bill of lading
B) a destination contract. C) a shipment contract. D) a warehouse receipt.
Define the terms systematic risk and unsystematic risk. Be sure to explain the difference between the two. Which type of risk can be diversified away? How do we measure the remaining type of risk?
Evaluate the statement: "If we could just make our investment portfolio large enough, we could completely eliminate risk and earn a market portfolio rate of return with the risk of a risk-free investment." What will be an ideal response?
Explain the recurring costs of home ownership and why you need to budget for them
What will be an ideal response?