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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

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Answer:

(a) 15.46%

(b) $11,904.11

(c) 6.15%

Explanation:

(a) Sustainable growth rate:

Return\ on\ equity\ (ROE)=\frac{Net\ income}{Total\ equity}

Return\ on\ equity\ (ROE)=\frac{17,300}{ 59,000}

                                                = 29.32%

Retention Ratio = 1 - Dividend Payout

                          =1-[\frac{9,400}{17,300}]

                                 = 45.66%

Sustainable\ growth\ rate=\frac{(ROE\times Retention\ Ratio)}{(1-ROE\times Retention\ Ratio)}

Sustainable\ growth\ rate=\frac{(0.2932\times 0.4566)}{(1-0.2932\times 0.4566)}

=\frac{0.1338}{0.8662}

= 0.15446

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(b) Additional borrowing:

New Total Asset = (Total debt + Total equity) × (1 + Sustainable growth rate)

= (77,000+59,000) × (1 + 15.46%)

= 157025.4

New\ Debt=\frac{D}{D+E}\times New\ Total\ Asset

New\ Debt=\frac{77,000}{77,000+59,000}\times 157024.4

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Increase in Borrowing = New debt - old debt

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                                     = $11,904.11

(c) Internal growth rate:

ROA=\frac{Net\ income}{Debt+equity}

ROA=\frac{17,300}{77,000+59,000}\times 100

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Internal\ growth\ rate=\frac{(0.1272\times 0.4566)}{(1-0.1272\times 0.4566)}

=\frac{0.0580}{0.942}

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Cheyenne has a small bakery specializing in gourmet cupcakes. In response to customer demand, she has added gluten-free cupcakes
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The answer is directors.

<h3>What entity elects the board of directors for a corporation?</h3>
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  • In addition to their duty as members of the board of directors, the officers are charged with particular duties. President As the company's chief executive officer, the president, is responsible for the following duties: Preside over board meetings. Served as the executive committee's chairman.
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10 months ago
On January 1, 2021, Algerian Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during
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Answer:

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Explanation:

In order to calculate Algerian Delivery's basic earnings per share for the year ended December 31, 2021 we would have to make first the following calculations:

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Therefore, Basic Earnings per Share = Net Income/Weighted Average of Equity Shares outstanding during the year

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Algerian Delivery's basic earnings per share for the year ended December 31, 2021 is $3.01

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2 years ago
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