Eugene ables ran an excavation company. he borrowed $500,000 from the highland park state bank. ables signed a note promising to repay the money and an agreement given highland bank a security interest in all of his equipment, including after-acquired equipment. several years later, ables agreed with patricia myers to purchase a bantam backhoe from her for $16,000, which he would repay at the rate of $100 per month, while he used the machine. ables later defaulted on his note to highland and the bank attempted to take the backhoe. myers and ables contended that the bank had no right to take the backhoe? was the backhoe covered by highland’s security interest? did ables have sufficient rights in the backhoe for the bank’s security interest to attach? who wins and why?

What does the consumer price index measure? a. the change in prices of all goods and services over time b. the change in prices of specific goods and services over time c. the change in prices of final goods and services over time

The revenues of a company increased by 39% in year one and decreased 22% in year two. what is the overall change over the two-year period?

Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.