Answer: False
Explanation:
First Federal's security interest is indeed a Purchase Money Security Interest (PMSI) but it doesn't only perfect upon filing a financing statement.
The PMSI can also be perfected by POSSESSION specifically of TANGIBLE CHATTEL PAPER which is simply a document that states that the holder is owed money and has a security interest in the goods associated with the debt.
In this case that Tangible Chattel Paper can be the car's title which can indicate the car loan as a security Interest.
Answer:
Bad debt expense 6,500 debit
Allowance for uncollectible account 6,500 credit
Explanation:
"determined that there should be an allowance for uncollectible accounts of $5,150 at December 31, 2022."
We need to recognize as much bad debt as it need to leave the allowance balance on our expected uncollectible account.
balance for allowance before adjsutment:
beginning - write-off = unadjusted allowance
1,250 - 2,600 = -1,350
expected balance - unadjusted balance = adjustment
5,150 - (-1,350) = 6,500
Bad debt expense 6,500 debit
Allowance for uncollectible account 6,500 credit
Answer:
2.88%
Explanation:
According to the fisher equation :
(1 + Nominal interest ) = (1 + real interest) (1 + inflation rate)
(1.07) = (1.04) x (1 + real interest)
(1.07) / (1.04) = (1 + real interest)
1.028846
real interest rate = 2.88%
Answer:
The Net Present Value is - $20324
Explanation:
We can use our financial calculator to work out the NPV using the cashflows from the different periods and using the discount rate given. Which is 18%.
We have 11 periods. Starting off with CF 0. ( CF = cashflow ) We will work in Thousands to make it easier to read and compute. $ ' 000
CF 0 Machine Investment (750) Working Capital Investment (25) Total=(775)
CF 1 160 inflow
CF 2 160 inflow
CF 3 160 inflow
CF 4 160 inflow
CF 5 160 inflow
CF 6 160 inflow
CF 7 160 inflow
CF 8 160 inflow
CF 9 160 inflow
CF 10 160 inflow
CF 11 160 inflow. 35 salvage value from machine. Working capital 25. Total Cashlow = 220
We now use our financial calculator and input these amounts into the calculator.
We start of by entering the data and hitting ENT and do so for every Cash flow. At the end we press 2nd function CFI on our calculator. We then enter the discount rate of 18%. and press down button to get to NPV and then press COMP.
We get an answer of -20,32400407
We now need to put the amount into thousands. Thus = -20324,004
rounded to the nearest dollar we get - $ 20324
Answer:
A. 0.9x + 0.3y ≤ 10,000
Explanation:
Given
oil based plant
water based plant
The data can be represented in tabular form as:

Considering only A, we have the following constraints:


Since the company currently has 10000 of A.
The above constraint implies that, the mixture cannot exceed 10000.
So, we have:

<em>Hence, (A) is correct</em>