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ANTONII [103]
3 years ago
13

At her neighbor's garage sale, Constance buys a vanity dressing table from her neighbor, Carlos, for $160. Constance purchased t

he vanity table for her own personal use, without any knowledge that Carlos has signed a security agreement giving All Purpose Furniture Inc. a security interest in the vanity table. All Purpose Furniture did not file a financing statement. Constance does not know that Carlos is still paying off the purchase money security interest and owes All Purpose Furniture, Inc. $400. Under these circumstances:
Constance takes the vanity table free of All Purpose's security interest because she is a buyer of consumer goods.
Business
1 answer:
Sophie [7]3 years ago
4 0

Answer:

Constance takes the vanity table free of All Purpose's security interest because she is a buyer of consumer goods.

Explanation:

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Cyclical unemployment is closely associated with Select one: a. long-term economic growth. b. short-run ups and downs of the eco
kiruha [24]

Answer:

b. short-run ups and downs of the economy.

Explanation:

Cyclical unemployment is a form of employment that occurs as a result of fluctuations in the economy.

When there's a downturn in the economy, unemployment increases and It falls when there's a boom.

I hope my answer helps you

7 0
3 years ago
Read 2 more answers
Rex became a partner with a 30% interest in the partnership profits when he invested $200,000. In 2019, the partnership generate
avanturin [10]

Answer:

The Rex’s gross income from the partnership in 2019 and 2020 is $1,20,000 and $1,80,000 respectively

Explanation:

The computation of the gross income for each year is shown below:

In 2019:

Gross income = Taxable income × percentage of interest in profits

                       = $400,000 × 30%

                       = $1,20,000

In 2020:

Gross income = Taxable income × percentage of interest in profits

                       = $600,000 × 30%

                       = $1,80,000

The withdrawn amount is not consider for computing the gross income. So, we ignored it

8 0
3 years ago
Indicate the proper accounting treatment for a change in the rate used to compute warranty costs.
Lana71 [14]

Answer:

a. Accounted for prospectively

Explanation:

Warranty cost is an expense i.e. to be incurred for the repair or replacement of the goods comes under the warranty given by the company.

Here if there is a change in the rate i.e. used for determining the warranty cost so it would be accounted in prospectively manner i.e. it would be changed in the current period and also the amount should be estimated or predicted

Hence, the correct option is a.

7 0
3 years ago
the promotional tool that stimulates consumer purchasing and dealer interest by means of short-term activities, such as trade sh
Len [333]

Through transient actions like trade fairs and event sponsorships, sales promotion is a tactic that encourages customer purchase and dealer engagement.

<h3>What is Sales Promotion?</h3>

A transitory campaign or offer is used by a company as part of a sales promotion to raise interest or demand in its product or service.

A company may decide to utilize a sales promotion (or "promo") for a variety of reasons, but the main one is to increase sales. Sales increases could be required to meet a quota as a deadline draws near or to spread word of a new product.

Let's examine several sales promotion types in more detail, as well as the advantages and disadvantages of adopting each style of promotion.

12 different categories of sales promotions exist. Although not all of them are appropriate for every industry, product, or service, each one offers distinct opportunities to increase sales and forge stronger bonds with clients by utilizing various sales psychology techniques. Each presents a comparison of sales methodologies and offers an unusual perspective on spin selling.

To learn more about the, Sales Promotion visit:

brainly.com/question/15900481

#SPJ4

8 0
1 year ago
Ordinary and necessary business expenses are deductible only to the extent they are also reasonable in amount.
marysya [2.9K]

Answer:

True

Explanation:

According to the IRS:

  • ordinary expenses are expenses that are common and accepted in a company's trade or industry.
  • necessary expenses are expenses that help your company carry on its normal business.

Tax deductible expenses must be ordinary, necessary, and reasonable.

8 0
3 years ago
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