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Shtirlitz [24]
2 years ago
5

Overextended Debtor. Dennis purchased a big screen television from ABC Electronics and financed the purchase through ABC Electro

nics based on an agreement granting ABC Electronics a security interest in the television and requiring that Dennis make monthly payments. Three months later, because Dennis had bought a boat, a new car, and an expensive engagement ring for his girlfriend, and some other items, he was unable to continue making payments on the television. The manager from ABC Electronics called and asked Dennis to return the television. Dennis refused on the basis that ABC Electronics never perfected its interest in the television. Which of the following is the proper designation under the UCC for the television?
A. Pledged goods.
B. Acknowledged goods.
C. Illegal security.
E. Defined security.
F. Collateral.
Business
1 answer:
kap26 [50]2 years ago
7 0

Answer: (F) Collateral

Explanation:

  According to the given question, Collateral is referred to proper designation under UCC in which the Dennis refused to return television to the ABC electronics company.

The term Collateral is referring as assets such as television that is typically used to secure the loan as it provides a low internet rate and due to collateral they also makes the duration of the loan length.

Television is represented as collateral so ABC company cannot perfect its interest so due to this reason Dennis refuses to return television to the company. Collateral is known as the secured loan and it is used by the following ways:

  • Purchasing personal assets
  • Vehicles
  • Investment purpose
  • Paychecks

  Therefore, Option (F) is correct answer.

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Overextended Debtor. Dennis purchased a big screen television from ABC Electronics and financed the purchase through ABC Electro
kap26 [50]

Answer: (F) Collateral

Explanation:

  According to the given question, Collateral is referred to proper designation under UCC in which the Dennis refused to return television to the ABC electronics company.

The term Collateral is referring as assets such as television that is typically used to secure the loan as it provides a low internet rate and due to collateral they also makes the duration of the loan length.

Television is represented as collateral so ABC company cannot perfect its interest so due to this reason Dennis refuses to return television to the company. Collateral is known as the secured loan and it is used by the following ways:

  • Purchasing personal assets
  • Vehicles
  • Investment purpose
  • Paychecks

  Therefore, Option (F) is correct answer.

7 0
2 years ago
Bond A pays $4,000 in 14 years. Bond B pays $4,000 in 28 years. (To keep things simple, assume these are zero-coupon bonds, whic
Arlecino [84]

Answer and Explanation:

Given that Bond A pays $4,000 in 14 years and Bond B pays $4,000 in 28 years, and that the interest rate is 5 percent, we see that Using the rule of 70, the value of Bond A is 70/5 = doubled after 14 years. Now if its value is 4000 in 14 years, its current value must be halved. Hence the value is 2000.

Sinilarly the value of Bond B is approximately one fourth now because it pays 4000 in 28 years. Hence its value is 4000/4 = 1000.

Now suppose the interest rate increases to 10 percent. Hence the doubling time is 70/10 = 7 years

Using the rule of 70, the value of Bond A is now approximately 1,000 and the value of Bond B is 250

Comparing each bond’s value at 5 percent versus 10 percent, Bond A’s value decreases by a smaller percentage than Bond B’s value.

The value of a bond falls when the interest rate increases, and bonds with a longer time to maturity are more sensitive to changes in the interest rate.

8 0
1 year ago
Management wants to build a culture where employees keep security in mind. Employees should be able to access information freely
Pavel [41]

Answer: Posters promoting good security behavior and designated mailing list.

Explanation:

One of the ways to create awareness in people's mind is by posting images, writings on walls and boards for their veiwing, when this is done over a period of time, they get conformed in their minds to adjust to what they've been seeing, another way is by designated emails, especially coming from the organization, through this emails, they can give their suggestions and complains also on what they feel or want to be done in the organization.

6 0
2 years ago
You've decided to capitalize 100% of your new business by obtaining a loan from a local bank. Your initial funding will
fgiga [73]
Capitalize is to give or invest your capital "money" to a company or an industry.  According to this question you capitalize all of your assets, therefore your initial fundings will come from shareholding. 

And your welcome! 



3 0
2 years ago
Read 2 more answers
You work in the marketing research department of Burger King. Burger King has developed a new cooking process that makes the ham
Bogdan [553]

Answer with its Explanation:

The first step is to diversify the sample size so that our sample includes every person from different cultures, geographic, religions, genders, etc., which would help in better assessment of the product's future in the market.

Second step is to set a sample size for receiving the feedback of the customers at required confidence interval that is Burger King's goal to achieve. For example, Burger King desires to achieve 93% customer satisfaction and the error rate would determined by using the confidence interval. This sample size would be calculated using the practical approach.

Third step is to ensuring that the errors in prediction are reasonably low by practical approach, confidence interval approach and diversified test samples. All this will help the company to ensure that they have accurate results in hand for decision making.

8 0
2 years ago
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