1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
allochka39001 [22]
3 years ago
6

Suppose that the bankruptcy law firm had previously loaned $20,000 to Henry Anderson. The law firm filed a financing statement s

howing that the loan was secured by five mid-sized trucks. What would have happened with respect to this loan during the bankruptcy proceedings?
Business
1 answer:
pantera1 [17]3 years ago
8 0

Answer: This loan would would have priority over the other unsecured claims in this bankruptcy case.

Explanation:

Since the trucks are secured collateral the loan is a secure loan. It will be the priority in the bankruptcy case since the other claims were unsecured. The law firm would have a right to the trucks since he owed them 20,000$ and put them up as collateral.

Everything that was an unsecured loan does not have anything to take from and will be a loss for the other companies who filed against Henry Anderson.

You might be interested in
Insurance is the way a person or business is protected from :
nevsk [136]

Answer:

losing money

Explanation:

Helps save you from the out of pocket expense if something bad were to happen.

For example if your roof was damaged by a natural disaster it could cost thousnads of dollars out of a persons pocket.

Insurance will pay the cost to repair it allowing you to be protected from losing money.

3 0
3 years ago
A problem in developing effective compensation for teams is that: Multiple choice question. rewarding individuals erodes cohesiv
denpristay [2]

A problem in developing effective compensation for teams is that rewarding individuals erodes cohesiveness. Thus the first option is correct.

<h3>What is Cohesiveness?</h3>

Cohesiveness refers to the act or the property of togetherness. in the group , cohesiveness can be seen when the group performs the activity. It is important to have cohesiveness in every group for the accomplishment of the task.

When a individual in a group is provided a compensation it leads to dispute and chaos which erodes the cohesiveness of the group. Thus the first option is correct.

Learn more about Cohesiveness here:

brainly.com/question/13774781

#SPJ1

5 0
2 years ago
Julia wanted to test out a new product for her company. She scheduled several small group lunches and learns with internal staff
KengaRu [80]

Answer: Informational

Explanation: These roles refers to the collection, dissemination and transmission of information by the manager. This role of the manager depicts how suitable a manager in decision making as the information collected is usually related to some important decision to be made.

     In the given case, Julia tries to collect all the relevant information from different sources such as staff meetings. She collected all the information with objective of making the product suitable for customer needs and preferences.

Thus, we can conclude that Julia likes to play informational role.

7 0
3 years ago
Juan Kirby is confused about how accounting information flows through the accounting system. He believes the flow of information
Zanzabum

Explanation:

The following steps to flow the accounting information        

(b) Business transaction occurs.

(c) Information entered in the journal.  It includes the narration part

(a) Debits and credits posted to the ledger to their respective accounts

(e) A trial balance is prepared.  It aims to match the total debit and total credit columns

(d) Financial statements are prepared so that it could analyze the financial performance, position of the business organization

All these above steps are to be followed systematically so that the financial statement could be present in an accurate and ethical way. It must be free from any bias, it always be presented independently.

7 0
3 years ago
A financial services firm routinely processes a large volume of account change requests. a lean six sigma team wants to understa
Inessa [10]

<u>The answer is "1920".</u>


This is how we calculate this;

time = 16 hours

normal processing rate = 2 per minute

so,

Things-in-Process (Queue) = 16 hours x (2 Items/Minute x 60 Minutes)

<u>= 1920</u>

8 0
3 years ago
Other questions:
  • ​Amber, Inc. provides the following information for​ 2019: Net income $ 330 comma 000 Market price per share of common stock $ 6
    8·1 answer
  • The owner of a​ health-food store sells dried apples for ​$1.30 per​ quarter-pound, and dried apricots for ​$1.60 per​ quarter-p
    11·1 answer
  • Research studies indicate that:
    8·1 answer
  • What are capital gains on an investment?
    10·1 answer
  • The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does no
    14·1 answer
  • If a consumer requests additional information concerning an investigative consumer report, how long does the insurer or reportin
    9·1 answer
  • The Purchasing Policy Guidelines of the Southern Supply Inc. indicate that the company is committed to procuring its goods, prod
    7·1 answer
  • Palmer Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an ann
    11·1 answer
  • Which descriptions offer examples of Health, Safety, and Environmental Assurance workers? Check all that apply.
    15·2 answers
  • Place in chronological order the lag phenomena associated with the use of fiscal policy to smooth business cycles.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!