Forever Yours, Inc has a secured and perfected security interest in Sally's big-screen TV. On the filing date of Sally's Chapter 7 petition, the balance of the debt owed to Forever Yours is $2,000. The value of the TV is estimated at $1,500. This means that Forever Yours
A)is secured for the entire debt, $2,000
B)is unsecured for $500, the excess of the debt over the value of the TV.
C)has a high priority claim of $500. This means that Forever Yours, Inc. will be allowed $500 worth of other unsecured property before other unsecured creditors get anything.
D)is unsecured for the entire debt.
B
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a. ethnic classifications. b. race classifications. c. physical classifications. d. social classifications.
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What will be an ideal response?
Consider the following statements about the investment in working capital in a capital budgeting analysis:Working capital often increases as the result of higher balances in accounts receivable or inventory necessary to support a project. Working capital increases are sources of cash and should be included in a discounted-cash-flow analysis. The time 0 cash investment in working capital is included in a discounted-cash-flow analysis as a cash outflow. Which of the above statements is (are) correct?
A. III only. B. I and II. C. I and III. D. I only. E. II only.