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Eduardwww [97]
3 years ago
15

Suppose that Emmett impersonates a famous clown. He goes into an advertising agency and convinces the manager to issue a check t

o him in the name of the famous clown, purportedly as part of a fund-raising campaign for a nursing home for old retired clowns. If Emmett negotiates the check to a check-cashing store by forging the name of the famous clown, then the ad agency will be able to argue that the bank must reimburse the account because the bank paid a check on a forged signature.
True/False.
Business
1 answer:
mamaluj [8]3 years ago
3 0

Answer:

The answer is: True

Explanation:

The requirements to cash a check are:

  1. If you don't have an account in the bank, you must cash the check in person.
  2. You must have a valid ID to be able cash a check, and the check must be payable to you or it must have been signed to you.
  3. The account must have sufficient funds to cover the check.

In this case Emmett committed fraud since the check wasn't payable to him. But the check cashing store should have asked Emmett for a valid ID and checked the firm. Since they didn't do it properly, then the advertising agency can claim a reimbursement.

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It’s important to realize that when it comes to distracted driving it is not about bad teens doing bad things, it’s about good t
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Respecting team members means agreeing with everything they think. True False
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3 years ago
Read 2 more answers
Vidya holds a degree in information technology. She has lots of experience working
dlinn [17]
<h2>Option 2: Social Media Manager</h2>

Explanation:

Option 1: Computer software company in need of a PC support specialist is an  invalid choice because they normally deals with troubleshooting hardware and software. This role is not related to graphic design program.

Option 2: This is the right answer because, social media manager is closely associated with graphic design. So Vidya may pick up this job.

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7 0
3 years ago
A company reported total equity of $145,000 at the beginning of the year. The company reported $210,000 in revenues and $165,000
Allushta [10]

Answer:

e. $ 282,000

Explanation:

To determine the assets of the company at year end, we need to find the equity at year end, this is calculated as follows:

Opening Equity                                                      $ 145,000

Net Income for the year                                        $ 45,000

Revenues     $ 210,000

Expenses     $ 165,000

Equity at end of year                                            $  190,000

The accounting equation is

Assets = Liabilities + Stockholders' Equity

Assets = $ 92,000 + $ 190,000                           $ 282,000

4 0
3 years ago
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