Carry the Answer to Two Decimal Places

question 53

Short Answer

Carry the answer to two decimal places. What is the total weight of a container of 7 gallons of liquid insulating material if one gallon weighs 9.36 pounds and the container alone weighs 6.87 pounds?

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Definitions:

Chattel Paper

A writing that indicates both a monetary obligation and a security interest in specific goods.

Security Interest

A legal claim or lien on collateral that secures the performance of an obligation, such as repayment of a loan.

Ordinary Course

Refers to actions and transactions that are regular and normal for a particular business under the circumstances.

Financing Statement

A document filed to give public notice that a lender has a security interest in a debtor's property, typically for securing loans.