Business, 10.10.2019 22:30 joejoefofana

Burn manufacturing borrowed $500,000 from howard finance co., secured by burn's present and future inventory, accounts receivable, and the proceeds thereof. the parties signed a financing statement that described the collateral and it was filed in the appropriate state office. burn subsequently defaulted in the repayment of the loan and howard attempted to enforce its security interest. burn contended that howard's security interest was unenforceable. in addition, green, who subsequently gave credit to burn without knowledge of howard's security interest, is also attempting to defeat howard's alleged security interest. the security interest in question is valid with respect to
a) both burn and green.
b) neither burn nor green.
c) burn but not green.
d) green but not burn.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 19:10

King fisher aviation is evaluating an investment project with the following case flows: $6,000 $5,500 $7,000 $8,000 discount rate 14 percent what is the discounted payback period for these cash flows if the initial cost is 15,000? what if the initial cost is $12,000? what if the cost is $16,000?

Answers: 1

Answer

Business, 22.06.2019 02:00

Answer the following questions using the information below: southwestern college is planning to hold a fund raising banquet at one of the local country clubs. it has two options for the banquet: option one: crestview country club a. fixed rental cost of $1,000 b. $12 per person for food option two: tallgrass country club a. fixed rental cost of $3,000 b. $8.00 per person for food southwestern college has budgeted $1,800 for administrative and marketing expenses. it plans to hire a band which will cost another $800. tickets are expected to be $30 per person. local business supporters will donate any other items required for the event. which option has the lowest breakeven point?

Answers: 1

Answer

Business, 22.06.2019 03:00

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.

Answers: 2

Answer

Business, 22.06.2019 08:00

Why do police officers get paid less than professional baseball players?

Answers: 2

Answer

You know the right answer?

Burn manufacturing borrowed $500,000 from howard finance co., secured by burn's present and future i...

Questions