Business, 17.09.2019 20:30 makaylasulak5462

Maria is the sole proprietor of an antique store that is located in a rented warehouse. the store has an outstanding loan with the local bank but no other debt obligations. there are no specific assets pledged as security for the loan. due to a sudden and unexpected downturn in the economy, the store is unable to generate sufficient funds to pay the loan payments due to the bank. which of the following options does the bank have to collect the money it is owed?
i. sell the inventory and apply the proceeds to the debt
ii. sell the lighting fixtures from the building and apply the proceeds to the debt
iii. withdraw funds from maria’s personal account at the bank to pay the store’s debt
iv. sell any assets maria personally owns and apply the proceeds to the store’s debt
a. ionly ill only
b. l and il only
c. i, il, and iil only
d. l, lll, and ⅳ only

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 19:50

Ichelle is attending college and has a part-time job. once she finishes college, michelle would like to relocate to a metropolitan area. she wants to build her savings so that she will have a "nest egg" to start her off. michelle works out her budget and decides she can afford to set aside $9090 per month for savings. her bank will pay her 4 %4% per year, compounded monthly, on her savings account. what will be michelle's balance in five years?

Answers: 3

Answer

Business, 23.06.2019 01:30

Bmw receives data transmitted by each new vehicle it sells to employees understand how customers use the products and when service may be needed. this use of technology aids in bmw's efforts to interact in an ongoing basis with its customers.

Answers: 1

Answer

Business, 23.06.2019 02:00

Upper a fish farm raises salmon and trout.a fish farm raises salmon and trout. the marginal cost of producing each of these products increases as more is produced. draw the firm's ppf. label it ppf1. the fish farmfish farm adopts a new technology that allows it to use fewer resources to feed the salmonfeed the salmon. draw a ppf that shows the impact of the new technology. label it ppf2.

Answers: 2

Answer

Business, 24.06.2019 01:30

Which government agency primarily deals with domestic policy issues? the department of defense the state department the environmental protection agency the central intelligence agency nextreset?

Answers: 2

Answer

You know the right answer?

Maria is the sole proprietor of an antique store that is located in a rented warehouse. the store ha...

Questions