Reference no: EM131790046
Classification of collateral is not always easy. Classify the following collateral. Possible Solutions: consumer goods, equipment, farm products, inventory, documents of title, chattel paper, instruments, accounts, or general intangibles.
a. Burns Rentals leases and sells TV sets and cars. Burns obtains financing from City Bank, enabling him to buy 25 cars and 100 new TV sets.
b. Burns has 50 cars on his lot for lease.
c. Burns sells a truck to Boyce and retains a security interest in the truck. Boyce uses the truck exclusively for weekend camping and fishing trips.
d. Burns assigns Boyce's promissory note and security agreement to City Bank as collateral for the loan.
e. Burns Rentals buys 300 new Philco TV sets for his annual summer sale. Classify the TV sets in the hands of Philco; in Burn's possession. Virgil, owner of Virgil's Truck City and Bar buys a TV set during the sale. The set is delivered to Virgil in the original carton and put in the back of his 16-wheeler. What type of goods did Virgil buy?
f. When Philco sells TV sets to Burns, it packages them in special shipping cartons, using packaging materials such as styrofoam and excelsior. Philco maintains a large supply of these materials.
g. Burns has a large supply of diesel fuel and oil for his fleet of trucks.
|
Discuss three-year note outstanding during the year
: Construction of the new restaurant started on March 1, 20X5, and was completed on November 1, 20X5, with the following payments to the contractor
|
|
What is the ytm
: The coupon rate is 7% and the interest payments are made semiannually. What is the YTM
|
|
Name two measures of the variation of a distribution
: Name two measures of the variation of a distribution, and state the conditions under which each measure is preferred for measuring the variability.
|
|
Find the relative maxima
: Find the relative maxima, relative minima, and points of inflection, and sketch the graphs of the functions, in Problem.
|
|
Classify the collateral-possible solutions-consumer goods
: Classify the following collateral. Possible Solutions: consumer goods, equipment, farm products, inventory, documents of title,
|
|
Find the relative maxima-relative minima
: Find the relative maxima, relative minima, and points of inflection, and sketch the graphs of the functions, in Problem.
|
|
What is the future value placed in a savings account
: What is the future value of $1000 placed in a savings account pays 10%, compounded quarterly? Your answer should be correct to two decimal places.
|
|
Find the total cost function
: Consider a firm that makes plastic cups. It produces the cups using two inputs: metal molds and plastic pellets that are melted and injected into the molds.
|
|
Find the relative maxima
: Find the relative maxima, relative minima, and points of inflection, and sketch the graphs of the functions, in Problem.
|