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
VikaD [51]
3 years ago
14

Dieter is a debtor to Maxwell, the secured party. Dieter lives in Ohio and works in Kentucky. Maxwell lives in Indiana and works

in Iowa. Where must the secured party file the financing statementA. OhioB. KentuckyC. IndianaD. Iowa
Business
2 answers:
Svetllana [295]3 years ago
7 0

Answer:

The correct answer is C) Indiana

Explanation:

To completely secure a secured transaction, or perfect the security, the secured party (in this case Maxwell) should file a financing statement with the <em>local public records office</em>, Secretary of State, or other appropriate government body.

The area that is local to Maxwell is where he lives which is Indiana.

Cheers!

liraira [26]3 years ago
3 0

Answer:

Indiana( c )

Explanation:

Maxwell the secured party in the transaction should file a financing statement in the area where he lives because that area is considered his locality. and he can do this by contacting the local public records office or the secretary of state . filing a financial statement is one huge way to secure a transaction that has security and Maxwell can do this to secure the money being owed him by Dieter against any form of illegality that Dieter might pursue in other to avoid paying of the debt in the future

You might be interested in
How many major OEMs manufacture Class 8 trucks<br> for the North American market?
Alex Ar [27]

Answer:

There are four major OMEs manufacturer trucks for the North American market

3 0
2 years ago
Richardson Supply's $3.9 million cost of inventory at the end of last year was understated by $1.2 million.
Triss [41]

Answer:

Part a. Was last year's reported gross profit of $2.9 million overstated, understated, or correct? What was the correct amount of gross profit last year?

Gross Profit was Understated by $1.2 million

Correct Gross Profit is $4.1 million

Part b. Is this year's gross profit of $3.6 million overstated, understated, or correct? What is the correct amount of gross profit for the current year?

Gross Profit is Overstated by $1.2 million

Correct Gross Profit is $2.4 million

Part c. Was last year's reported cost of goods sold of $5.4 million overstated, understated, or correct? What was the correct amount of cost of goods sold last year?

Cost of Goods Sold was Overstated by 1.2 million

Correct Cost of Goods Sold is $4.2 million

Part d. Is this year's cost of goods sold of $5.7 million overstated, understated, or correct? What is the correct amount of cost of goods sold for this year?

Cost of Goods Sold was Understated by 1.2 million

Correct Cost of Goods Sold is $6.9 million

Explanation:

Closing Inventory Reduce the Cost of Sales at the end of the year.It is Transferred to the Statement of Financial Position to depict a resource controlled by the entity from which economic benefit is expected to flow in the entity - Asset.

Opening Inventory Increase the cost of Sales because it presents a depletion of Assets of Inventory.

Cost of Sales and Gross Profit have an Inverse Relationship.

6 0
3 years ago
A company purchased a weaving machine for $190,000. The machine has a useful life of 8 years and a residual value of $10,000. It
pav-90 [236]

Answer:

The answer is option (B), accumulated depreciation at end of the second year=36,000+45,600=$81,600

Explanation:

Determine the depreciable cost using the formula below;

depreciable cost=acquisition cost-residual value

where;

acquisition cost=$190,000

residual value=$10,000

replacing;

depreciable cost=190,000-10,000=$180,000

depreciable cost=$180,000

Determine the cost per unit as follows;

depreciable cost=cost per bolt×number of bolts produced

where;

depreciable cost=$180,000

cost per bolt=c

number of bolts produced=75,000 bolts

replacing;

180,000=c×75,000

75,000 c=180,000

c=180,000/75,000=2.4

The cost per bolt=$2.4

annual depreciation for the first year=(2.4×15,000)=$36,000

annual depreciation for the second year=(2.4×19,000)=$45,600

accumulated depreciation at end of the second year=36,000+45,600=$81,600

3 0
3 years ago
When choosing a career, you should review the to find out whether or not there will be a demand for this profession in the years
Bond [772]
This is a true fact, what is the question though?
7 0
3 years ago
Read 2 more answers
You are a jeweler who wants to make sure you have the maximum number of diamonds for sale. You notice that the number of diamond
Gwar [14]

Answer:

sensitivity

Explanation:

A financial sensitivity analysis consists of analyzing the variables that influence decisions related to a business. That is, the dependent and independent variables are analyzed and how they will affect the economic results of a company.

This analysis is effective so that companies can make projections about how one variable is directly influenced by another according to the data found, assisting in the financial and economic decision-making process that will contribute to the profitability and positioning of the business.

7 0
3 years ago
Other questions:
  • Elkhorn Company purchased merchandise on account from Springhill Company for $42,000, terms 2/10, n/30. Elkhorn returned merchan
    9·1 answer
  • Which statement is FALSE? Select one: a. Diluted EPS is never higher than Basic EPS b. Use of the "Treasury Stock Method" determ
    5·1 answer
  • The formal or informal societal rules that specify or prohibit certain behaviors in specific situations are called ______.
    6·1 answer
  • Sarah's Autos sells multiple automobile brands, showcasing used, pre-owned, and new vehicles. The company's advertising manager
    5·1 answer
  • Tune Store reports inventory using the lower of cost and net realizable value (NRV). Information related to its year-end invento
    9·1 answer
  • Economists define potential income as the level of income that: Group of answer choices an economy is capable of producing witho
    7·1 answer
  • Imagine the tea market has a demand function of QDX = 10 – 2PX and a supply function of QSX = PX − 2, where PX is the price of t
    13·1 answer
  • Bond portfolio immunization techniques balance ________ and ________ risk. price; reinvestment price; liquidity credit; reinvest
    7·1 answer
  • Categories such as education and household size represent which of the following?
    7·1 answer
  • In economics, the demand for a good refers to the amount of the good that people:_______
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!