A person who is the exclusive owner of a business, entitled to keep all profits after tax has been paid but liable for all losses ; a sole trader.
The instrument that Shawn must use is “payable to the order of” before the name of the payee.
<h3>Requirements of Negotiability </h3>
- The first of the four major considerations is whether or not a paper is negotiable, and it is one that nonlawyers must address.
- Auditors, retailers, and financial institutions frequently handle notes and checks and must make quick decisions about negotiability.
- In a negotiable instrument, the only permissible promise or direction is to pay a particular sum of money. Any other promise or command renders negotiability null and void
- This restriction exists to prohibit an instrument from having an uncertain value.
- If the bearer of a negotiable instrument had to examine whether a provision or condition had been met before the thing had any value, the utility of the object as a substitute for money would be severely diminished.
Hence, the instrument that Shawn must use is “payable to the order of” before the name of the payee.
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Less market power than it would otherwise have.
Answer:
depreciation expense 525
accumulated depreciation equipment 525
to record depreciation from jan 1st to March 31th
loss on dispossal 1,575
acc depreciation equipment 27,525
equipment 29,100
to record loss on dispossal of equipment
Explanation:
January 1st to march 31th = 3 months
months per year = 12
annual depreciation x 3/12 = partial depreciation
2,100 x 3/12 = 525
equipment 29,100
acc depreciation
27,000 + 525 = (27,525)
book value 1,575
salvage 0
loss (1,575)
Answer:
total present value of net cash flow divided by amount to be invested
Explanation:
The formula to determine the present value index is given below:
Present value index is
= Total present value of net cash flow ÷ initial investment
It is the method that should be applied for an investment decision for capital rationing
So, the first option is correct