Article 9 of the UCC governs secured transactions in personal property

Ajax predicts that if a customer pays on the first sale, it is assured that it is a reliable customer. As such, it expects that customer to generate a net profit of $350 per year for 12 years. Ajax calculates present value with a 15% rate of return. There is a 90% probability that Ajax will secure a reliable customer. However, if the customer defaults, Ajax will have to incur a loss of $500. Determine the expected benefit if credit is granted.

A) $1,857 B) $1,757 C) $1,657 D) $1,957

Persuasion is one of the most common advertising goals

Indicate whether the statement is true or false