Pokeman Bunch Inc

question 57

Multiple Choice

Pokeman Bunch Inc., manufactures Poke Monster figures, and has the following data from its operation for the year just completed.The amount E is:

• A)$61,500.
• B)$76,500.
• C)$79,500.
• D)$88,500.
• E)$91,500.

---

Definitions:

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay according to the agreed terms.

Enforceable Security Interest

A legal claim or lien on collateral that secures the fulfillment of a debt or obligation, which can be enforced in court.

Escrow

A financial arrangement where a third-party holds and regulates payment of the funds required for two parties involved in a given transaction, ensuring fair and secure dealing.

Collateral

An asset offered as security for a loan, which can be seized by the lender if the borrower defaults on the loan payments.