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
Rina8888 [55]
3 years ago
15

King Electronics, a retailer of video equipment, sold two VCR's to Larson, a psychologist, for her personal use in her home. The

sale to Larson was made on credit. King retained a security interest in the VCR's sold but did not file a financing statement. Mills, A creditor of Larson, subsequently filed an attachment on the VCR's. Mills has asserted that his lien on the two VCR's is superior to King's security interest because King failed to perfect his security interest. Decide.
Business
1 answer:
scoundrel [369]3 years ago
4 0

Answer:

Mill's lien will prevail.

Explanation:

Generally speaking, King's security interest prevails over other the interests of unsecured creditors including credit card companies, etc. Bu tin this case, Mills had obtained a lien that was registered prior to King's security interest, therefore, a court would decide based on chronological order.

You might be interested in
In 2019, RayeAnn acquires a car for $14,000. She uses the car in her advertising business and for personal purposes. Her records
kirill [66]

Answer:

Deductible depreciation = $2,660

Explanation:

Given:

Amount of car = $14,000

Personal use = 30%

Business use = 70%

Total depreciation = $3,800

Deductible depreciation = ?

Computation of Deductible depreciation:

Deductible depreciation = Total depreciation × Business use percentage

Deductible depreciation = $3,800 × 70%

Deductible depreciation = $2,660

5 0
3 years ago
Butler corporation is considering the purchase of new equipment costing $30,000. the projected annual after-tax net income from
yKpoI14uk [10]
Net annual cash flows
1,200+10,000=11,200

Net present value is
PV of annual cash flows-project investment
11,200×2.4018−30,000=(3,100)
4 0
3 years ago
Read 2 more answers
Joe and karina depend on both of their salaries to afford their mortgage. karina recently lost her job and they are worried that
WINSTONCH [101]

Answer:

The Communication Privacy Management Theory

Explanation:

The Communication Privacy Management Theory studies the ways that people think about and make decisions surrounding how to reveal or hide private information.

7 0
3 years ago
What must you know in order to serve alcohol responsibly and legally in all situations?
jonny [76]
  • a. know your product, know your customers, and know how to say "no"

4 0
1 year ago
QUESTION 2 / 10
mash [69]
A. Would be the best answer
3 0
3 years ago
Other questions:
  • Buster industries pays weekly salaries of $17,800 on friday for a five-day week ending on that day. the adjusting entry necessar
    6·1 answer
  • Which of the following statements about adjusting entries is NOT true?
    15·1 answer
  • Beaver Construction purchases new equipment for $50,400 cash on April 1, 2015. At the time of purchase, the equipment is expecte
    10·1 answer
  • What are durable goods?
    7·1 answer
  • Resort Hotel Company replaces Sharon, a forty-five-year-old employee, with Terry. Sharonfiles a suit against the employer under
    5·1 answer
  • Colton Enterprises experienced the following events for Year 1, the first year of operation:Acquired $37,000 cash from the issue
    9·1 answer
  • Show the change in the market for gasoline that is consistent with the following statement:
    13·1 answer
  • Griffins Goat Farm, Inc., has sales of $667,000, costs of $329,000, depreciation expense of $73,000, interest expense of $46,500
    9·1 answer
  • According to the video, what skills do urban and regional planners need?
    14·2 answers
  • When we put a price tag on goods and services, we are using money as a Group of answer choices store of value. barter token. mea
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!