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3 years ago

Do checks expire if they are not cashed?

1 answer:

6 0

Usually, checks that are more than six months old are considered "stale dated." Please also keep in mind that some business checks (such as payroll checks, government checks, etc.) have a specific expiration date listed on the check, which limits or extends the time period when the checks can be cashed or deposited.

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Suppose the consumption function is c = $200 + 0.85yd. if disposable income is $400, consumption is

alexira [117]

Given the consumption equation of c= 200 + 0.85yd, and the disposable income of $400, then, then we would get the consumption by substituting the given to the equation:c= 200 + 0.85ydc= 200 + 0.85(400)c= 200 + 340c= 540Therefore, the consumption is $540.

8 0

3 years ago

Read 2 more answers

Does this "stiff competition" mean that the demand curve for McDonald's Chicken McNuggets is horizontal? Briefly explain.

blagie [28]

Answer: I found the complete question on Google:

By 2017, McDonald's had stopped selling Chicken McNuggets and other products made from chickens fed antibiotics. The change increased McDonald's costs, but an article in the Wall Street Journal noted that "...McDonald's ability to raise its prices is limited because of stiff competition."Source: David Kesmodel, Jacob Bunge, and Annie Gasparro, "McDonald's to Curb Antibiotics in Chicken," Wall Street Journal, March 4, 2015. Does this "stiff competition" mean that the demand curve for McDonald's Chicken McNuggets is horizontal? Briefly explain.

And the correct answer is: "B. No, the demand curve is not horizontal because Chicken McNuggets are not identical to other chicken products.".

8 0

3 years ago

Exercise 10-6 Direct Materials and Direct Labor Variances [LO10-1, LO10-2] Huron Company produces a commercial cleaning compound

ololo11 [35]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Standard:

Direct materials 7.30 pounds $ 2.25 per pound $16.43

Actual:

16,600 pounds of material was purchased for $2.05 per pound. All of the material purchased was used to produce 2,000 units of Zoom.

To calculate the direct material price and quantity variance, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (2.25 - 2.05)*16,600

Direct material price variance= $3,320 favorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 2,000*7.3= 14,600

Direct material quantity variance= (14,600 - 16,600)*2.25

Direct material quantity variance= $4,500 unfavorable

4 0

3 years ago

Microtech Corporation is expanding rapidly and currently needs to retain all of its earnings, hence it does not pay dividends. H

12345 [234]

Answer:

Di = dividend in year i

D0 = D1 = D2 = 0

D3 = 2

D4 = D3 * (1+24%) = 2.48

D5 = D4 * (1+24%) = 3.0752

D6 = D5 * (1+7%) = 3.290464

require return r = 14%

g = 7% in the long run

So stock price in year 5 = D6/(r-g) = 3.290464/(14%-7%) = 47.0066

Current price = Present value of dividends and stock

= D1/(1+r) + D2/(1+r)^2 + D3/(1+r)^3 + D4/(1+r)^4 + D5/(1+r)^5 + Price in year 5/(1+r)^5

= 0 + 0 + 2/(1+14%)^3 + 2.48/(1+14%)^4 + 3.0752/(1+14%)^5 + 47.0066/(1+14%)^5

= 28.829219

= 28.83 (rounded to 2 decimals)

Explanation:

5 0

3 years ago

Read 2 more answers

Wayne and Mitch own adjoining parcels of land. Wayne allowed Mitch to install pipe across his property for the purpose of pumpin

WITCHER [35]

Answer:

2. an easement appurtenant 

Explanation:

An appurtenant for easement is an area of land which favors one piece of land, known as the dominant tenement, to the disadvantage of another piece of land, known as the Servient tenement.

Wayne's land is subject to an easement.

Appurtenant Easements are attached to the property and are automatically transferred when the servient or dominant tenement is sold to a new owner.

4 0

3 years ago