Viper Auto (VA) is a seller of exotic cars. VA sells Carl a $75,000 Dodge Viper on a retail installment security agreement in which he pays $15,000 down and agrees to pay the balance in equal installments. VA retains a security interest in the car, and perfects that interest by filing a financing statement centrally. Two months later, Carl is in default on the payments to VA and is involuntarily petitioned into bankruptcy by other creditors. Discuss VA's right to repossess the car.

Hank itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. the following are required for production of a 70-gallon batch. 2,700 ounces of grape concentrate at $0.04 per ounce 77 pounds of granulated sugar at $0.43 per pound 133 lemons at $0.79 each 350 yeast tablets at $0.24 each 350 nutrient tablets at $0.14 each 2,500 ounces of water at $0.001 per ounce hank estimates that 4% of the grape concentrate is wasted, 9% of the sugar is lost, and 32% of the lemons cannot be used. compute the standard cost of the ingredients for one gallon of wine. (round intermediate calculations and final answer to 2 decimal places, e.g.