Another word used to describe market economies is

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

3 years ago

. Pharmacist is an important profession. give reasion

kow [346]

Explanation:

pharmacist is a important profession because they play a vital role in improving patient health through the medicine and information they provide

6 0

1 year ago

Read 2 more answers

When early settlers needed to buy farming equipment and supplies, they often would use the milk, eggs, and crops their farms pro

Tasya [4]

Answer:

The correct answer is A)

Explanation:

There is no good or service that is unlimited.

The concept of the Barter system was simply a method of exchanging value for value.

It was phased away due to several reasons:
It was not a good store of value as many of the goods were perishable
it didn't make for good administration: It was too cumbersome and problematic. Imagine having to store three trailers of eggs awaiting a barter exchange

Cheers!

3 0

3 years ago

Case Study: Capitalization versus Expensing

Solnce55 [7]

Answer:

Please see attachment

Explanation:

Please see attachment

7 0

3 years ago

The following information summarizes the standard cost for producing one metal tennis racket frame at Spaulding Industries. In a

astra-53 [7]

Answer:

Actual Price paid for materials = $4.2136 $\times$ 2,200 = $9,270

Actual price per unit = $4.2136

Explanation:

Provided information,

Standard Material per unit = $4

Total cost = $8,400

Standard Quantity = $8,400/$4 = 2,100 units

Provided Material Price variance = $470 unfavorable = - $470

$= (Standard Price - Actual Price) \times Actual Units$

Material Quantity Variance = $400 Unfavorable = - $400

$= (Standard Quantity - Actual Quantity) \times Standard Rate$

Using Material Quantity Variance

- $400 = (2,100 - Actual Quantity) $\times$ $4

-$400/$4 = 2,100 - Actual Quantity

Actual Quantity = 2,100 + 100 = 2,200 units

Now, putting this value in Material Price Variance we have,

- $470 = ($4 - Actual Price) $\times$ 2,200

-$470/2,200 = $4 - Actual Price

- $0.214 = $4 - Actual Price

Actual Price = $4 + $0.2136 = $4.2136

Final Answer

Actual Price paid for materials = $4.2136 $\times$ 2,200 = $9,270

Actual price per unit = $4.2136

8 0

3 years ago