Candy bought a sofa from Max on credit. She is to make 5 monthly payments of $200 each. After one month Candy stops making payments. Max is a secured creditor; he may:
a. may enter Candy's home at any time to take the sofa
b. do nothing because personal property may not be reclaimed
c. require Candy to perform manual labor in exchange for the cash payments
d. force Candy to turn over the sofa plus other property to make up for Max's time and efforts spent on collection
e. none of the other choices
e
You might also like to view...
A machine costing $75,000 is purchased on September 1, Year 1. The machine is estimated to have a salvage value of $10,000 and an estimated useful life of 4 years. Double-declining-balance depreciation is used. If the machine is sold on December 31, Year 3 for $13,000, the journal entry to record the sale will include:
A. A credit to gain on sale for $4,979. B. A debit to loss on sale for $2,625. C. A credit to accumulated depreciation for $59,375. D. A credit to gain on sale for $8,000. E. A debit to loss on sale for $3,042.
________ refers to knowing the target market, specifying the benefits to be delivered to the target customers, having a basic idea of how the product will be positioned, and finalizing the features and attributes
A) Fast time-to-market B) Sharp product definition C) Careful launch planning D) Strong market orientation
Business buyers may get new ideas at a trade show, see an ad, or receive a call from a sales representative who offers a better product or a lower price compared to the current in-supplier. These situations motivate the ________ stage
A) problem recognition B) general need description C) order-routine specification D) supplier search E) performance review
Because we have two samples when testing the significance of the difference between two percentages instead of the one that we worked with for a hypothesis test, the standard error term is calculated differently, called the standard error of the
difference between two percentages. Indicate whether the statement is true or false