Maria is the sole proprietor of an antique store that she

Reference no: EM13618446

Maria is the sole proprietor of an antique store that she has operated at the same location for the past 16 years. The store rents the space in which it is located but does own all of the inventory and fixtures. The store has an outstanding loan with the local bank but no other debt obligations. There are no specific loan covenants or assets pledged as security for the loan. Due to a sudden and unexpected downturn in the economy, the store is unable to generate sufficient funds to pay the loan payments due to the bank. Which of the following options does the bank have to collect the money it is owed?

I. Sell the inventory and use the cash raised to apply to the debt
II. Sell the store fixtures and use the cash raised to apply to the debt
III. Take funds from Maria‘s personal account at the bank to pay the store‘s debt
IV. Sell any assets Maria personally owns and apply the proceeds to the store‘s debt

Reference no: EM13618446

Questions Cloud

Obtain the cumulative distribution function fx plot fx and : consider the uniform rectangular distribution on the space a b wherea lt b with p.d.f. fx 1 b - a a ltx lt ba obtain

Define the following terms as they apply to our work in fin : refer to the text page 59710th edition to answer q1 and q2. answer length for each question one-half to one-page single

A pair of oppositely charged parallel plates are separated : a pair of oppositely charged parallel plates are separated by 5.25 mm. a potential difference of 600 v exists between

A statewide real estate agency specializes in selling farm : a statewide real estate agency specializes in selling farm property in the state of nebraska. their records indicate

Maria is the sole proprietor of an antique store that she : maria is the sole proprietor of an antique store that she has operated at the same location for the past 16 years. the

A particular road vehicle weighs 4000 lb using the : a particular road vehicle weighs 4000 lb. using the quarter-car model determine a suitable value for the suspension

Urban travel times and distances are important factors in : urban travel times and distances are important factors in the analysis of traffic flow patterns. a traffic engineer in

The convection coefficient for the outside wall surface is : a particular house wall consists of three layers and has a surface area of 30 m2. the inside layer is 10 mm thick and

B calculate the standard deviation of the six x-values and : consider the following set of data. 18 11 29 45 60 25 83 16 106 61 121 5 a calculate the covariance of the set of data.

User Account

All Pages