Coastal Shores Inc

question 28

Multiple Choice

Coastal Shores Inc.(CSI) was destroyed by Hurricane Fred on August 5,2016.At January 1,CSI reported an inventory of $170,000.Sales from January 1,2016,to August 5,2016,totaled $480,000 and purchases totaled $195,000 during that time.CSI consistently marks up its products 60% over cost to arrive at a selling price.The estimated inventory loss due to Hurricane Fred would be:

Outline Merton’s strain theory and its application to deviance and crime.

Examine how consensus crimes are defined across different societies and times, and the rationale behind these definitions.

Understand the concept and components of trade credit, including free and costly trade credit.

Comprehend the techniques for managing and financing working capital, including the use of marketable securities.

Definitions:

Financing Statement

A document filed to give public notice of a secured party's interest in the personal property of a debtor, usually in relation to a secured transaction.

Improper Filing

The submission of legal or official documents in a manner that does not comply with prescribed requirements or regulations.

Unperfected

Refers to a security interest or lien that has not been properly recorded or filed according to law, thus not fully enforceable against third parties.

Secured Transaction

A secured transaction involves a security interest in personal property, which serves as collateral for repayment of a debt or performance of an obligation.