<u>Full question:</u>
On June 15, Harper purchased equipment for $100,000 from Imperial Corp. for use in its manufacturing process. Harper paid for the equipment with funds borrowed from Eastern Bank. Harper gave Eastern a security agreement and financing statement covering Harper’s existing and after-acquired equipment. On June 21, Harper was petitioned involuntarily into bankruptcy under Chapter 7 of the Federal Bankruptcy Code. A bankruptcy trustee was appointed. On June 23, Eastern filed the financing statement. Which of the parties will have a superior security interest in the equipment?
A. The trustee in bankruptcy, because the filing of the financing statement after the commencement of the bankruptcy case would be deemed a preferential transfer.
B. The trustee in bankruptcy, because the trustee became a lien creditor before Eastern perfected its security interest.
C. Eastern, because it had a perfected purchase money security interest without having to file a financing statement.
D. Eastern, because it perfected its security interest within the permissible time limits.
<u>Answer:</u>
Eastern parties will have a superior security interest in the equipment because it perfected its security interest within the permissible time limits.
<u>Explanation:</u>
Eastern has a higher security interest because Eastern amended its security interest inside the allowable time deadlines. A perfected security interest in any security interest in an asset that cannot be demanded by any other party.
Below the Uniform Commercial Code (U.C.C.), to perfect a security interest, a lender has 10 days from the date of the sale of material to perfect the security interest by filing a financing statement. Possessing registered in the 10-day limit, Eastern has a strong perfected security interest in the material and after-acquired things even though the bankruptcy was recorded two days ahead.
Answer:
Possible causes of material quantity variance:
1. The use of sub-standard material
2. The use of unskilled labour
3. Wastage of material
Explanation:
Material quantity variance is the difference between standard quantity and actual quantity used multiplied by standard price. The use of sub-standard material reduces the quality of output thereby resulting to unfavorable material quantity variance. The use of unskilled labour also leads to unfavorable material quantity variance. Wastage of material due to low quality of inputs also results to unfavorable material quantity variance.
Answer:
The correct answer is letter "E": Normative.
Explanation:
Normative Economics incorporates <em>subjectivity </em>and <em>value judgments</em> focusing on what "<em>should be</em>". It is usually implemented at the governmental level. Normative Economics leaves the door open for future changes, eliminates absolute statements and provides an avenue for analysis of different economic scenarios.
Inbound marketing is the process of coordinating and facilitating potential customers to find a particular company.
An outdoor brand called Appalachia can revitalize its Pinterest account and engage its customers on the platform by streamlining content creation:
- Inbound marketing emphasizes building enduring and dependable relationships with your customers and attracting newer customers in an organic way.
- Inbound marketing works according to three principles: attract, engage, and delight.
- The company and its social media team would not only involve themselves in revitalizing their Pinterest account by making it more appealing and attractive to potential customers.
- It should be equally invested in engaging with the customers through the process of content creation.
- This could mean presenting insights into ways in which the customer chooses to buy from the company and prioritizes the particular company over other options.
- Product promotions are one way in which, using multimedia channels coupled with regular posting on the platform, customers can be attracted and engaged with.
- Content creation tools like trends, hashtags, social media marketing, and streamlined posts can be utilized for this objective.
Therefore, inbound marketing can greatly benefit from a streamlined content creation process that attracts and engages a sustained customer base of a company.
Learn more about content creation here: brainly.com/question/26476622
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