Answer:
First of all, a PMSI allows a creditor to legally claim possession of property financed by them or demand repayment. The PMSI grants creditors preference over other lenders' claims.
The requirement for the proper perfection of a PMSI in goods other than inventory or livestock is within a 20 day period after the debtor receives possession of the collateral. This rule applies to goods such as equipment and machinery.
In case the good is software, there is no 20 day period. The PMSI must be perfected when the debtor receives possession of the collateral.
Explanation:
Analyzing the above scenario, the ideal type of control chart for construction would be the EWMA control chart integrated with the VSS and VSI control, because unlike traditional charts, it considers the variable sample size (VSS) and the variable sampling interval ( VSI) and therefore are more effective in considering the variations in the process in the control, which was what happened in the question above, since during the process of building the control chart there are some changes resulting from the breaking of the ceramic pieces, so it is ideal to build a graph that detects the changes in a more complete way.
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Answer:
One-time fee is $1,500
Explanation:
The perpetual care service is an annuity to the owner
and the one-time fee is a present value therefore to calculate it we will use Present value Annuity fomula
PV = c/r
= $120/0.08
= $1,500
Answer:
Check the explanation
Explanation:
Calculation of Interest expense:
Lease Liability x Implicit Rate of Cost
Calculation of lease liability:
Beginning of Cash Flow
2020 10700
2021 10700
2022 10700
2023 10700
The sum of present values of above cash flows is equal to lease liability (Discounted at 4%
$38840
Interest Expense: Lease liability x Implicit Rate of Cost
= $ 38840 x 4% = $ 1553.60