Business, 28.11.2019 06:31 ilmnow

On july 8, ace, a refrigerator wholesaler, purchased 50 refrigerators. this comprised ace’s entire inventory and was financed under an agreement with rome bank that gave rome a security interest in all refrigerators on ace’s premises, all future-acquired refrigerators, and the proceeds of sales. on july 12, rome filed a financing statement that adequately identified the collateral. on august 15, ace sold one refrigerator to cray for personal use and four refrigerators to zone co. for its business. which of the following statements is correct?
a. the refrigerators sold to zone will be subject to rome's security interest.
b. the refrigerator sold to cray will not be subject to rome's security interest.
c. the security interest does not include the proceeds from the sale of the refrigerators to zone.
d. the security interest may not cover after-acquired property even if the parties agree.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 18:50, saltytaetae

Suppose the government enacts a stimulus program composed of $600 billion of new government spending and $300 billion of tax cuts for an economy currently producing a gdp of $14 comma 000 billion. if all of the new spending occurs in the current year and the government expenditure multiplier is 1.5, the expenditure portion of the stimulus package will add nothing percentage points of extra growth to the economy. (round your response to two decimal places.)

Answers: 3

continue

Business, 22.06.2019 23:50, iiisavageoreo

In june, one of the processinthe assembly department started the month with 25,000 units in its beginning work in process inventory. an additional 310,000 units were transferred in from the prior department during the month to begin processing in the assembly department. there were 30,000 units completed and transferred to the next processing department during the month. how many units the assembly department started the month with 25,000 units in its beginning work in process inventory. an additional 310,000 units were transferred in from the prior department during the month to begin processing in the assembly department. there were 30,000 units completed and transferred to the next processing department during the month. how many units were in its ending work in process inventory

Answers: 2

continue

Business, 23.06.2019 00:30, aek02

You get your monthly banking statement and notice that the number is lower than expected. you decide that you should create a cash flow statement. why are cash flow statements useful in managing money? what are the steps in creating a statement?

Answers: 1

continue

Business, 23.06.2019 02:20, chaanah

The director of the federal trade commission (ftc) bureau of consumer protection warned that the agency would bring enforcement action against small businesses that select one: a. failed to inform the public about network failures in a timely manner b. failed to transmit sensitive data c. did not report security breaches to law enforcement d. lacked adequate policies and procedures to protect consumer data.

Answers: 2

continue

You know the right answer?

On july 8, ace, a refrigerator wholesaler, purchased 50 refrigerators. this comprised ace’s entire i...