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oksano4ka [1.4K]
3 years ago
5

Mack writes a check to his maid, Marianne, in payment for services rendered. Marianne indorses the check in blank and gives the

check to her masseuse, Janet, in exchange for a neck massage. Without indorsing the check, Janet gives the check to Martin, her newspaper carrier, in payment for the next four months' delivery charges. Martin indorses with a special indorsement and negotiates the check to his church, St. Mark. The church indorses the check and deposits it in its bank account. If Mack's bank later dishonors the check, to whom may St. Mark's look for recovery?
Business
1 answer:
Vilka [71]3 years ago
5 0

Answer:

Mack, Marianne, and Martin

Explanation:

Based on the information provided within the question it can be said that in this scenario if the bank dishonors the check St. Mark can look for recovery from Mack, Marianne, and Martin. This is due to the fact that they all endorsed the check. This is because by endorsing the check you are signing the back of it which means that you are making it payable to someone else, and if the check is not accepted you are taking responsibility for paying that person. Which Mack, Marianne, and Martin all endorsed the check.

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Ramos Inc. has total assets of $1,000 and total liabilities of $450 on December 31, 20Y6. Assume that assets increased by $130 a
sukhopar [10]

Answer:

The owner's equity be as of December 31, 20Y7 is $705

Explanation:

In this question, we apply the accounting equation which is given below

Total assets = Total liabilities + shareholder's equity

The question has said that the liabilities are decreased and the assets are increased.

So, the new asset is = total assets + increased amount

                                 = $1,000 + $130

                                 = $1,130

And, So, the new liability is = total liabilities - decreased amount

                                 = $450 - $25

                                 = $425

So, the shareholder equity would be equal to

= $1,130 - $425

= $705

Hence, the owner's equity be as of December 31, 20Y7 is $705

5 0
3 years ago
Suppose that the Lorenz Curve for the U.S. in 2019 lies completely below the Lorenz Curve for Switzerland in 2019. This implies
Yuki888 [10]

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5 0
2 years ago
If the expected returns of two stocks are the same but the standard deviations of the returns differ, which security is to be pr
serious [3.7K]
What you’re talking about is Beta. Beta is the ratio of how much a stock changes relative to the market as a whole (NYSE, NASDAQ)

A Beta of 2.0 means it changes (up/down) twice as much as the general market (Dow, S & P, NAS), such as the twitchy, hyper reactive tech stocks ( FAANG’s and also boom-or-bust Big Oil). In other words, high Standard Deviations.

A Beta of 0.5 means it changes (up/down) half as much as the general market. Sleepy blue chips such as GE, AT&T or power utilities fall in that category. Low Standard Deviations

Most stocks by definition pretty much track the market (Beta 1.0) so there are a lot of those. Middling Standard Deviations

So…it is dictated by your risk tolerance.
8 0
3 years ago
iscuss the burden placed on people or organizations contacted as references for job candidates. How do organizations cope with t
mario62 [17]

Answer:In human resource planning, forecasting is an intermediary step

Explanation:

FALSE

The process of human resource planning consists of three stages: forecasting, goal setting and strategic planning, and program implementation and evaluation. The first step in human resource planning is forecasting

3 0
3 years ago
On March 1, 2022, Wildhorse Company acquired real estate, on which it planned to construct a small office building, by paying $9
Nitella [24]

Answer:

The amount to be reported as the cost of the land is $ 114,200

Explanation:

Cash paid for the land = $ 98,000

Net cost of demolishing old ware house = $ 11,000 - $ 3,100 = $ 7,900

Attorney's fee = $2,000

Real estate broker's fee = $ 6,300

Total cost of the land = Cash paid for the land + Net cost of demolishing old ware house + Attorney's fee + Real estate broker's fee

= $98,000 + $ 7,900 + $2,000 + $ 6,300

= $ 114,200

4 0
3 years ago
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