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saw5 [17]
3 years ago
10

On March 1, Green went to Easy Car Sales to buy a car. Green spoke to a salesperson and agreed to buy a car that Easy had in its

showroom. On March 5, Green made a $500 down payment and signed a security agreement to secure the payment of the balance of the purchase price. On March 10, Green picked up the car. On March 15, Easy filed the security agreement. On what date did Easy’s security interest attach?
a. March 1.
b. March 5.
c. March 10.
d. March 15
Business
1 answer:
lana66690 [7]3 years ago
3 0

Answer:

C: March 10

Explanation:

In this scenario he signed the security agreement on the 5th of March, picked up the car on the 10th of March, and filed the security agreement on the 15th of March.

Even though he signed the agreement on the 5th of March (which would be believed is the day that the security interest is attached), he only took it into his possession on the 10th. Only once you take the car into your possession does the security interest attach, since it is no longer in the possession of the car dealer.

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Presented below is the adjusted trial balance of Splish Brothers, Inc. at December 31, 2017. Debit Credit Cash $ ? Supplies 1,33
igomit [66]

Answer:

Cash $   5710

Total   debit side  $  199200 Credit side  $ 199200

Explanation:

We list the correct accounts at the right side. First we add up the credit side to find the total and then subtract the debit side from it to get the cash amount as the debit and credit side of the trial balance must be equal.

<u><em>Splish Brothers, Inc.</em></u>

<u><em>Adjusted trial balance </em></u>

<u><em>December 31, 2017.</em></u>

                                                              Debit                   Credit

Cash $                                                    5710

Supplies                                               1,330

Accounts Receivable                         3,580

Prepaid Insurance                             2,620

Equipment                                          80,160

Accumulated Depreciation—Equipment                        $20,100

Trademarks                                         3,760

Accounts Payable                                                             3,220

Salaries and Wages Payable                                               920

Unearned Service Revenue                                               1,060

Bonds Payable (due 2024)                                                31,880

Common Stock                                                                    2,120

Additional paid-in capital                                                    15,160

Retained Earnings                                                              14,720

Service Revenue                                                                30,040

Salaries and Wages Expense          14,080

Insurance Expense                           2,400

Rent Expense                                    3,260

<u> Interest Expense                              2,320                                              </u>

<u>Total                                         $  199200                             $ 199200</u>

<u></u>

7 0
3 years ago
Managers face contemporary challenges such as managing HIV-positive employees, managing older workers, and eliminating sexual ha
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These arise out of the <u>legal</u> environment of business.

<u>Explanation</u>:

A manager is a person who is responsible for controlling and managing the operation of the organization. The manager organizes, plans and directs the staffs in his organization. He is responsible for effective running of the organization.

The manager faces many challenges in the company to maintain its successful running.

The manager is considered to be good if he coordinates his employees towards the success of the organization. The manager should effectively monitor the behavior of the employees.

5 0
2 years ago
When the price of a good or service changes,a. the demand curve shifts in the opposite direction.b. the supply curve shifts in t
fredd [130]

Answer:

<u>There is a movement along a given supply curve.</u>

Explanation:

When the price of a good or service changes, consequently there are several factors that will influence demand. Some of them are the quantity demanded, which due to a price change may increase or decrease compared to the original demand. Therefore, this is a factor that will influence a movement along the demand curve.

4 0
3 years ago
Which of the following is true?a. Anticipated inflation is an increase in the price level that comes as a surprise, at least to
prisoha [69]

Answer:Answer:

C) Decision makers are generally able to anticipate slow steady rates of inflation with a fairly high degree of accuracy

Explanation:

Inflation from definition: Inflation is the persistent rise in the general price of good and services. So one of the factors that can help anticipate and manage inflation is:

Money Supply and Inflation

The quantity theory of money means that as money supply is increases it will lead to increase in inflation. This is because of the correlation between money supply and inflation, illustrated in the equation MV=PT where V and T are autonomous of the Money Supply. Nevertheless, in practise empirical evidence has shown that increased money supply doesn’t certainly cause inflation, as there are other components differentiating money supply and inflation.

But the answer that decision makers are generally able to anticipate slow steady rates of inflation with a fairly high degree of accuracy is because with the money slow level, they can anticipate and manage inflation

6 0
3 years ago
Why do many executives prefer visioning to execution?
alexgriva [62]

Answer:

Visioning is more exciting than execution.

Explanation:

4 0
2 years ago
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