The ucc requires reasonable commercial standards of fair dealing in addition to honesty in fact when parties are merchants.
<h3>What do you mean by commercial?</h3>
Anything that is commercial is typically related to business or commerce. A commercial is a piece of company advertising. Selling products or services for profit is considered commercial activity. Additionally, commercial trading occurs in the forward and futures markets, typically for heading-related reasons. An advertising for soda or cereal is an example of a commercial.
<h3>What are commercial purposes?</h3>
The phrase "used for commercial reasons" refers to the transportation of people or things for a fee, rate, charge, or other consideration, or when it is done directly or indirectly in support of a venture meant to make money.
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There are different kinds of firms. In business, a group of people who work together in an attempt to achieve some specific purpose is known as an <u>organization</u>.
<h3>What is an organization?</h3>
An organization is regarded as a combination or a group of people that are said to be working together such as an association, a charity, a union, etc.
The word organization also connote a group or business, or to the process establishing something.
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Answer:
B) Interest receivable.
Explanation:
Since the note was received one month into its term (July 15 ⇒ August 15), it must be recorded with interest receivable for one month.
This means that Benet will record as interest revenue only three months of interest (August 15 ⇒ September 15 ⇒ October 15 ⇒ November 15), instead of four.
Answer:
completed units = 9,500 gallons
Explanation:
gallons completed = beginning WIP inventory + units started during the month - ending WIP inventory = 1,000 gallons + 10,000 gallons - 1,500 = 9,500 gallons finished
units started and completed = total units started -ending WIP = 10,000 gallons - 1,500 gallons = 8,500 gallons