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andre [41]
3 years ago
9

Billy owes a liquidated debt of $3000 to Rayna, his personal weight trainer. Billy sends Rayna a check for $300 on which he has

marked, "Payment in Full." If Rayna cashes the check she will not be able to successfully sue Billy for the remainder of the debt. True False
Business
1 answer:
Ulleksa [173]3 years ago
6 0

Answer:

False

Explanation:

The reason is that the liability can not be waived unless the lender agrees to waive off the liability which means that in this case Rayna hasn't waived off its amount receivable so the Billy owes Rayna remainder $2700 despite sending payment in full check.

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You own a coffee shop where a cup of coffee sells for $2.99. Your cost on the cup of coffee is $0.90. Calculate the margin
Pepsi [2]

Answer:$2:09

Explanation:  If you subtract the 2 you will get your answer! :)

(Sorry I just read the question wrong)

3 0
3 years ago
Coronado University sells 5,900 season basketball tickets at $210 each for its 12-game home schedule.
katen-ka-za [31]

Answer:

Explanation:

The journal entries are shown below:

a. Cash A/c Dr $1,239,000     (5,900 seasons × $210)

          To Unearned basket ball tickets revenue $1,239,000

(Being the sale of the season tickets are recorded)

b. Unearned basket ball tickets revenue $103,250      ($1,239,000 ÷ 12)

               To basket ball tickets revenue $103,250    

(Being the revenue recognized)

7 0
3 years ago
The use of the money supply to influence the economy is: a. initiated through actions of Congress. b. called countercyclical pol
iogann1982 [59]

Answer:

The correct answer is (E)

Explanation:

There are two major policies which can directly affect the economy of a country; fiscal policy and monetary policy. Monetary policy is generally controlled by federal or state bank which is used to increase or decrease the overall money supply in the economy. Some important tools of monetary policy are interest rate, discount rate and open market operations etc. The monetary policy is often used to target inflation

5 0
3 years ago
Tom is the beneficiary and is concerned about both running out of money during his lifetime and at the same time leaving funds b
fredd [130]

Answer:

lifetime annuity with period certain settlement option

Explanation:

Based on the specifications that Tom is looking for, he should consider the lifetime annuity with period certain settlement option. This is an annuity that pays a benefit to the annuitant until death, but with a period certain option, the estate's beneficiary will continue to receive annuity payments until the specified timeframe of the period certain expires. Which would meet the requirements that Tom is looking for.

4 0
3 years ago
What are depository and non depository financial institutions? How do they differ?​
Katarina [22]
Depository institutions---is a financial institution (such as a savings bank, commercial bank, savings and loan association, or credit union) that is legally allowed to accept monetary deposits from consumers.It contribute to the economy by lending much of the money saved by depositors. financial non depository institutions are financial intermediaries that do not accept deposits but do pool the payments of many people in the form of premiums or contributions and either invest it or provide credit to others. Hence, nondepository institutions form an important part of the economy. These institutions receive the public's money because they offer other services than just the payment of interest. They can spread the financial risk of individuals over a large group, or provide investment services for greater returns or for a future income. Nondepository institutions include insurance companies, pension funds, securities firms, government-sponsored enterprises, and finance companies. There are also smaller nondepository institutions, such as pawnshops and venture capital firms, but they constitute a much smaller portion of sources of funds for the economy Plz rate me best answer I'm trying to get a few of thoughts so iv Ben trying hard to answer very descriptive I am # 2 person yesterday to answer the most questions yesterday
6 0
3 years ago
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