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4 years ago

Presentment warranties protect the person who presents an instrument for payment.

1 answer:

3 0

That statement is true
presentment warranty represent the implied promise that by a payer toupon the presentment of the instrument for payment.
If the drawee later accepted the draft that being made, The accepted will makes payment according to what presented in the draft.

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Garda purchased $530,000 of merchandise in August and expects to purchase $670,000 in September. Merchandise purchases are paid

pashok25 [27]

Answer:

$579,000

Explanation:

The cash payment in September would be made of 35% purchases in September and 65% of the purchase made in August (the previous month).

Hence

Cash payment in September = (35% × $670,000) + (65% × $530,000)

= $579,000

the cash payment for September is $579,000

3 0

4 years ago

Damaris is a member of AASA. What did she most likely learn from a meeting she recently went to? A professional accountant would

Andrew [12]

Answer:

There is a conference for school principals coming to town

Explanation:

Remember, the full meaning of the acronym AASA is the American Association of School Administrators.

Hence, we could more likely conclude that from all the listed options, she most likely learned from such a meeting that there is a conference for school principals coming to town because members of this organization consist mainly of leaders of educational facilities such as principals.

4 0

4 years ago

Read 2 more answers

Mass company is investing in a giant crane. it is expected to cost $6.0 million in initial investment, and it is expected to gen

alexdok [17]

17.8% is the irr for the project if the cost of capital is 12%. IRR is the interest rate at which the net present value (NPV) of all the cash flows (both positive and negative) from a project or investment equal tgo zero. IRR calculations rely on the same formula as NPV does. To calculate IRR using the formula, one would set NPV equal to zero and solve for the discount rate (r), which is the IRR. Multiply the net cash flow for each period by its discount factor to obtain its present value. Sum the present values of each cash flow to calculate the NPV. Find the IRR, the discount rate, that makes the NPV zero.

3 0

3 years ago

Chad paid $35 to buy a potato cannon, a cylinder that shoots potatoes hundreds of feet. He was willing to pay $45. When Chad’s f

Airida [17]

Answer and Explanation:

The computation is shown below:

Marcus’s original Consumer surplus is

= Willing to pay - customer actually pay

= $45 - $35

= $10

Marcus’s producer surplus from the resale is

= Amount received by producer - the minimum amount to accept

= $55 - $45

= $10

Starling’s consumer surplus from the resale is

Willing to pay - customer actually pay

= $80 - $55

= $25

And, the Total surplus generated from the resale is

= Producer surplus + consumer surplus

= $10 + $25

= $35

3 0

3 years ago

Alisha has a five-year car loan of $15,000 with an interest rate of 6 percent. If the interest is compounded annually, how much

Zina [86]

We are given with the data that the original cost of the car is $15000. However Alisha wants to pursue the whole payment for five years thus a 6 percent interest rate is given. The formula for finding the total cost is TC = 15000* (1+0.06)^5. The answer is $20,073.39

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3 years ago