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katen-ka-za [31]
3 years ago
14

A creditor who extends credit to a consumer to purchase a consumer good under a written security agreement obtains​ a(n) _____ s

ecurity interest in the consumer good.
Business
1 answer:
devlian [24]3 years ago
8 0

A creditor who extends credit to a consumer to purchase a consumer good under a written security agreement obtains​ a<u> "purchase money" </u>security interest in the consumer good.

A purchase money security interest (PMSI) is a legitimate claim that enables a lender to repossess property financed with its loan or demand repayment in real money if the borrower defaults. It gives the lender need over other creditors cases.  

A PMSI is utilized by some commercial lenders and credit card guarantors just as by retailers who offer financing alternatives.

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Greer went to her favorite manicure shop but the quality of her manicure was not as well done as previous times. What characteri
JulijaS [17]

Greer decision is linked with the inconsistency of the quality of services.  

<u>Explanation: </u>

The consistency with which the service attributes anticipated for customers are delivered is a reliable measurement of total quality in the service industry. Consistency defines how sometimes you demonstrate and offer your clients the desired service quality.

Consistency of service is always expected by all customers; they want calm and no disagreeable surprises. In manufacturing, performance improvement is accomplished via a technique called statistical control of processes or SPC to minimize system uncertainty or variability.

For example, you can't create a consistent quality of service if you're prompt, correct and polite to certain of your customers, sometimes in all your branches. Therefore to say, good service turns into an error. Credibility will not be lasting or successful.

6 0
3 years ago
Zirconia Fantasy sells only necklaces. 8 comma 000 units were sold resulting in $ 240 comma 000 of sales​ revenue, $ 60 comma 00
Naya [18.7K]

Answer:

$66,667

Explanation:

Contribution margin = Sales Revenue - Variable cost = 240000-60000 = 180000

Percentage of contribution margin = Contribution margin / sales revenue = 180000 / 240000 = 75%

Breakevent point in total sales = Fixed costs / Percentage of contribution margin

= 50000/0.75 = $66,667

3 0
3 years ago
The company you are investigating recorded fictitious revenues. What is the effect on the asset turnover ratio?
BARSIC [14]

In case fictitious revenues are recorded asset turnover ratio will increase.

The asset turnover ratio measures the performance of an organization's assets in producing revenue or income. It compares the dollar quantity of income (revenues) to its overall belongings as an annualized percent. hence, to calculate the asset turnover ratio, divide net income or revenue by the average total belongings.

Fictitious revenues contain the sale of goods or services that no longer arise. Fictitious invoices may be fake, but can also contain valid clients. A fictitious invoice may be prepared for a legitimate patron despite the fact that goods are not added or services have no longer been rendered.

Accounting ratios, an important subset of monetary ratios, are a group of metrics used to degree the performance and profitability of an employer based on its financial reports. They provide a way of expressing the relationship between one accounting information factor to any other and are the basis of ratio evaluation.

Learn more about asset turnover ratio here brainly.com/question/13401474

#SPJ4

5 0
1 year ago
Andrews Corp. ended the year carrying $33,836,000 worth of inventory. Had they sold their entire inventory at their current pric
mamaluj [8]

Answer:

Revenue could be of amount $33,836,000

Explanation:

As the selling price is not given in the question, only the cost of the inventory is given, So,

We assume that the Sales quantity is X and the Selling Price per unit be Y

Then,

Sales = X × Y                              ............... Equation (1)

Less : COSG = $33,836,000     ................ Equation (2)

Net Income = 1 - 2

If the selling price is equal to the cost of the inventory which is $33,836,000. So, the only revenue which is to be added is the amount of $33,836,000.

Note: It totally depend or grounded on the Sales value.

6 0
3 years ago
Kevin has $20 to spend on summer clothes. He is looking at shirts, shorts, and flip-flops. Shirts are $10, shorts are $15, and f
weeeeeb [17]

Answer:

Kevin has analyzed the situation well. However, he should also consider the fact that he saved $10 by only purchasing the shirt.

Opportunity cost is the cost of the forgone alternative. Out of the 3 choices, he only purchased 1 of the choices, the opportunity cost are the other two choices. However, he is still capable of buying the flip-flops costing $10 but he chose not to do so. He should consider it as a savings aside from it being a lost opportunity.

4 0
3 years ago
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