True. They took a
gamble at the stocks and many borrowed money that could not returned as a
result, the market crashed and that led to the Great Depression where many
Americans began to struggle as jobs were cut and business were closed.
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:
A. True
Explanation:
Internal rate of return abbreviated as IRR, is a capital budgeting technique used to evaluate the profitability of a potential project or an investment. In calculating the IRR, the net present value of the project's cash inflows is set at zero. Getting the actual value of the IRR is through trial and error, or specially programmed software.
IRR shows the growth rate a project or an investment is expected to generate. The higher the value, the better. As a rule, only projects whose IRR is greater than the minimum required rate of return should be accepted. The required rate of return is the same as the cost of capital for the project.
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