Which of the following would be an example of the consumer goods classification of collateral?
A. A computer purchased for a teenager as a graduation gift
B. A computer purchased for an administrative assistant at a law firm
C. A computer in a warehouse at Dell computer that is to be shipped to Best Buy for sale to consumers
D. A computer at a university used only by students
A. A computer purchased for a teenager as a graduation gift
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Which of the following is an acceptable method of presenting the income statement?
a. A single-step income statement b. A multiple-step income statement c. A consolidated statement of income d. All of these
Nathaniel and Kimberly want to make an offer on a 2,200 square foot home that is priced at $212,000
They research other home prices and find the following information: a 2,400 square foot home sold for $220,000; a 1,800 square foot home sold for $168,000; a 2,000 square foot home sold for $185,000. Based on your analysis, what reasonable offer should Nathaniel and Kimberly make on the house? (Round all computations to the nearest dollar.) A) $212,000 B) $200,400 C) $204,600 D) $194,000