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marysya [2.9K]
2 years ago
10

Failure by a promissory notes maker to pay the amount due at maturity is known as_________.

Business
1 answer:
Andreas93 [3]2 years ago
5 0

Failure by a promissory notes maker to pay the amount due at maturity is known as Dishonoring a note.

A dishonored note is a that  promissory note which has not been paid by a debtor in a given  reasonable amount of time.  It causes the creditor to write off the recorded revenue as a  bad debt.

With the help of promissory note, a buyer  can make a short-term commitment to pay any supplier for merchandise within the stated time period and  also at a certain interest rate.

In order to properly record a dishonored note in the financial journal of the organization one must first decide whether he is  expecting to  collect payment eventually or not.

A bill is  always considered as dishonored either by non-acceptance or by non-payment of the bill.

To know more about dishonored note here:

brainly.com/question/9220878

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Your broker requires an initial margin of $878 per futures contract on wheat and a maintenance margin of $650 per contract. Whea
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Answer:

b. Call for $1,500

Explanation:

According to the scenario, computation of the given data are as follow:-

We can calculate the amount of margin call by using following formula:-

Loss of today = future contracts based total bushels × total contract × (settlement cost per bushels - future contract price per bushels)

= 5,000 cents × 6 × (390 cents  - 385 cents)

= 5,000 cents × 6 × 5 cents

= 150,000 cents

And we know that

100 cents = 1 dollar

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150,000 cents ÷ 100 =$1,500

Initial margin $878 per future contract and maintenance margin $650 per contract, Margins of both are less than loss .So we have to pay $1,500 in initial margin.

According to the analysis, we will receive $1,500 margin call.

Therefore option (B) call for $1,500 is correct.  

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3 years ago
Essay of market structure
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Market structure serves as the way the industries in the market are been classified.

<h3>What is Market structure ?</h3>

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The types of market structures are:

  • perfect competition
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Learn more about  Market structure here: brainly.com/question/3010212

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2 years ago
Online banking tools allow you to pay bills from your computer.
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Ultimately, the amount of steel sold to General Motors depends on the consumers' demand for GM cars and trucks. From the standpo
Sophie [7]

Answer:

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The economic concept of demand is used to express the total amount of a good or service that is consumed. In the case of the car market, demand will be the total of cars bought by consumers. The concept of derived demand aims to explain the indirect demand for the inputs used in car manufacturing that occurs when consumers buy cars. The greater the demand for cars, the greater the demand for inputs, such as steel, for car manufacturing. Thus, the demand for steel from the demand for cars is a derived demand.

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