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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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______ is a specific measure of quality, representing 3.4 defects per million opportunities and is used to designate a set of me
DIA [1.3K]

Answer:

Six Sigma is a specific measure of quality, representing 3.4 defects per million opportunities and is used to designate a set of methodologies and techniques for improving quality and reducing costs.

7 0
3 years ago
Read 2 more answers
The specific identification method of costing inventories is used when the company sells large quantities of relatively low-cost
Mila [183]

Answer:

company sells a limited quantity of high-unit cost items.

Explanation:

A specific identification method can be defined as a method used for determining the ending inventories cost.

Basically, this type of method for costing inventories typically involves doing a well-detailed physical count of each goods bought on a specific date or a particular period of time, so as to determine the exact number of goods remaining by the end of the year's inventory. Therefore, each of the goods purchased are tagged with their unit price and any other additional charges.

Hence, the specific identification method of costing inventories is used when the company sells a limited quantity of high-unit cost items.

7 0
3 years ago
Stephen graduates from college and his income increases by $30,000. Nothing else changes. Stephen decreases the quantity oframen
KIM [24]

Answer: A. ramen noodles and chocolate chip cookies are inferior goods

Explanation:

Inferior goods are goods that experience decrease in demand when consumers experience increase in income.

Inferior goods has to do with social economic class, certain people at lower socio economic class go for certain goods because of its affordability not minding quality, same people might stop demanding for such good at a higher socio economic class.

6 0
3 years ago
You are selling a product in an area where 30 % of the people live in the city and the rest live in the suburbs. Currently 20 %
irina1246 [14]

Answer:

a). I would adopt the increase in market share in the suburbs by 15 % since the number of final suburbs dwellers who will use my product is (0.0805 x) which is  greater than final city dwellers' (0.075 x)

b). The total percentage of people who are city dwellers who own your product before the new sales drive=46.15%

Explanation:

a). We can make the following expressions;

Total number of both city dwellers and suburb dwellers=x

City dwellers=30% of x=(30/100)×x=0.3 x

Suburb dweller=70% of x=(70/100)×x=0.7 x

Total number of city dwellers who use your product initially=(20/100)×0.3 x=0.06 x

Total number of suburb dwellers who use your product initially=(10/100)×0.7 x=0.07 x

If we increase the market share in the suburbs by 15%

Number of suburb dwellers=0.07 x+(15/100)×0.07 x

Number of suburb dwellers=(0.07 x+0.0105 x)=0.0805 x

If we increase market share in the city by 25%

Number of city dwellers=0.06 x+(25/100)×0.06 x

Number of city dwellers=(0.06 x+0.015 x)=0.075 x

I would adopt the increase in market share in the suburbs by 15 % since the number of final suburbs dwellers who will use my product is (0.0805 x) which is  greater than final city dwellers' (0.075 x)

b). Percentage of city dwellers that own your product

Percentage=(Initial number of city dwellers/Total number of people)×100

Percentage=0.06 x/(0.06 x+0.07 x)=(0.06 x/0.13 x)×100=46.15%

The total percentage of people who are city dwellers who own your product before the new sales drive=46.15%

8 0
3 years ago
A church building fund has invested some money in two ways: part of the money at 3% interest and four times as much at 2.75%. Fi
irga5000 [103]

Answer:

amount invested at rate 3 % is $20000

and amount invested at rate 2.75 % is $80000

Explanation:

given data

interest = 3%

four times = 2.75%

total annual income from interest = $2800.

solution

we consider here part of money p1  = x

rate r1 = 3%

and

4 time money p2 = 4x

rate r2 = 2.75 %

so we apply interest formula that is

interest = Principal×Rate×Time

2800 = { x × 0.03 × 1 } + { 4x × 0.0275 × 1 }

solve it we get

x = 20,000

and

and 4x will be = 4 × 20,000 = 80,000

so here

amount invested at rate 3 % is $20000

and amount invested at rate 2.75 % is $80000

7 0
3 years ago
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