Wedney,Inc

question 16

Multiple Choice

Wedney,Inc.sold a meat processing machine to Yoro Chickens,taking a security interest in the machine.Yoro Chickens defaulted on the loan.Wedney repossessed the machine.Wedney would like to retain the machine to use as a model.Which of the following statements is correct?

• A)Wedney must notify the debtor that it intends to retain the machine and give Yoro 20 days to object.
• B)By taking possession,Wedney automatically foreclosed on the collateral.Wedney has valid title and need do nothing else.
• C)Since the machine is equipment,Wedney cannot retain the machine.Wedney must dispose of the collateral in a commercially reasonable manner.
• D)Wedney can retain the machine but must pay Yoro the surplus,the difference between the fair market value of the machine and the amount of the debt.

Understand the impact of interest rate changes on the present value of future cash flows.

Analyze investment decisions using NPV methodology.

Understand the role of vigilant investors in the economy.

Understand the concept of constant net returns in stock value determination.

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Irony

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The practice of condensing the main ideas or points of a communication into a brief and coherent statement or overview.