Garrotte took his new flat screen TV to Tesla Technology Inc. for repairs. The bill came to
Question:
Garrotte took his new flat screen TV to Tesla Technology Inc. for repairs. The bill came to more than $500. As Garrotte was short of money, he gave Tesla a 90-day promissory note for the amount due. Tesla then returned the TV to Garrotte. Has Tesla improved his position as a creditor by so doing? Why or why not?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
In order to find out whether the Tesla Technology Inc has improved their position as a creditor o...View the full answer
Answered By
Siddharth Kan
I have been teaching for the past 5 years & it is an impeccable experience to interact with students while taking their point of view & providing my take and coming to the conclusion thereafter. For me, teaching is something which is 2-way communication that leads to developing the knowledge & aspects of critical thinking which in a way is eventually adopted by my students after 2-3 introductory sessions
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Electronics retailer Best Buy recently offered a 52-inch flat-screen TV worth $1,799.99 for $9.99 on its Web site. Within hours bloggers and Twitter users posted jokes about this steal, and some...
-
A 17.5% discount on a flat-screen TV amounts to $560. What is the list price?
-
Paul recently purchased a new flat screen TV for his first apartment on his Sears credit card. Its annual interest rate is 29.90% compounded monthly. a. How many payments will it take him to pay off...
-
The dehydration butanol of alumina is carried out over a silica-alumina catalyst at 680K. CH3CH2CH2CH20H------->cat CH3CH=CHCH3 + H2O The rate law is -r Bu = KPBU/(1+KBuPBul with k= 0.054...
-
Refer to Problem 43. Suppose the investor decides that she would like to minimize the total risk factor, as long as her return does not fall below 9%. What percentage of her total investments should...
-
Use mesh analysis to find Vo in the circuit shown 12V 2mA Io
-
A machine is set to fill paint cans with a mean of 128 ounces and a standard deviation of 0.2 ounce. A random sample of 40 cans has a mean of 127.9 ounces. The machine needs to be reset when the mean...
-
The following are a series of unrelated situations. 1. Halen Companys unadjusted trial balance at December 31, 2014, included the following accounts. Halen Company estimates its bad debt expense to...
-
Please use previously submitted information to answer this questions. submitting 2 of 3 Complete this question by ente below a. Calculate the contribution m eliminate the children's depart income for...
-
Create a Building class and two subclasses, House and School. The Building class contains fields for square footage and stories. The House class contains additional fields for number of bedrooms and...
-
All five of your credit cards are stolen from your motel room while you are skiing. Fortunately you discover the loss within a few hours and immediately notify the credit card companies by telephone....
-
When Lola came home from college for spring break, her mother gave her a credit card. You can sign my name, but dont spend more than $100, she told Lola. Lola went on a buying spree with her friend...
-
Which of the following is an equation of the normal to the graph of (x) = 2/x at x = 1 ? +2 (By = (Ox = 2+2 y (A) y = +2 (D) y = +2 (E) y = 2x + 5
-
Zarko Company reports net income of $ 7 9 0 , 0 0 0 and declared a cash dividend of $ 2 . 4 0 per share on each of its 2 3 0 , 0 0 0 shares of common stock outstanding. What are earnings per share?...
-
Mid-State Construction built roads and a bridge at Atlantis World in Orlando, Florida, at a cost of $15,000,000. Atlantis World uses MACRS for tax purposes. No Section 179 or speci depreciation...
-
Agile practitioners often avoid the characterization of 'agile' as a methodology or a framework. They tend to characterize it as a set of principles, and in some cases refer to it as an...
-
1) what are some of the traits that are considered to be predictors of good leadership. 2) Identify the criteria for choosing a leadership style. 3) How should supervisors build and...
-
Your team is a mix of change management managers and senior leadership. Your team has the power to decide how it should be done better this time around. 1. What is the change your team is trying to...
-
For the axisymmetric elements shown in Figure P9-4, determine the element stresses. Let E = 15 106 psi and v = 0.25. The coordinates (in inches) are shown in the figures, and the nodal displacements...
-
Marc Company assembles products from a group of interconnecting parts. The company produces some of the parts and buys some from outside vendors. The vendor for Part X has just increased its price by...
-
Corporate formation transactions are either taxable or tax-free events depending on whether the requirements of Sec. 351 are met. Debate the pros and cons of the following statement: All corporate...
-
Chang and George, high income taxpayers, are starting a new business that manufactures and sells explosives. They expect the business to sustain $500,000 in losses in its first two years of...
-
Under current tax law, a corporation may deduct interest but not dividends paid to shareholders. What potential problems are created by this disparate treatment? Should the law be changed to either...
-
Match the lettered terms to the blanks below to complete the relevant formula for each financial statement. A . Cash at beginning of year B . Net cash flow from operating activities C . Balance of...
-
which is s manyfactoring business facebook airline target general motor
-
Which decision-making trap lies deep within our psyches, in our desire to protect our egos from damage? O Framing trap O Status-quo trap O Anchoring trap O Confirming-evidence trap O Availability Trap
Study smarter with the SolutionInn App