Hermey brokered the sale of all the personal property on the Island of Misfit Toys to Christmastown's Salvation Army. The Salvation Army had to purchase the personal property on credit, and signed a promissory note for $5,000. Hermey wanted to make sure that the Island of Misfit Toys acquired a security interest in the personal property to preserve its collateral in the event the Salvation Army did not pay the promissory note in full. What must be done to perfect a security interest in the personal property sold on credit to Christmastown's Salvation Army

Which of the following statements is correct? a) due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporationsb) most businesses (by number and total dollar sales) are organized as proprietorships or corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships.c) due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatmentd) large corporations are taxed more favorably than proprietorshipse) corporate stockholders are exposed to unlimited liability

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On january 1, 2017, sophie's sunlounge owned 4 tanning beds valued at $20,000. during 2017, sophie's bought 3 new beds at a total cost of $14 comma 000, and at the end of the year the market value of all of sophie's beds was $24 comma 000. what was sophie's net investment