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3 years ago

Which of the following statements about the Uniform Commercial Code (UCC) is correct?

Business

1 answer:

KiRa [710]3 years ago

4 0

Answer:

D. The UCC consists of identical statutes enacted by the states to provide businesses with consistent and predictable laws.

Explanation:

<em>The Uniform Commercial Code (UCC)</em> is a standardized set of laws and regulations for conducting commercial transactions.

Initially, the UCC code was established as it was increasingly difficult for companies to carry out commercial transactions through state lines, given the various state laws.

The Uniform Commercial Code (UCC) is important as it helps companies in different states to make transactions with each other by providing a standard legal and contractual framework.

The UCC code consists of nine articles. The articles of the UCC govern several types of transactions, including banking and loans.

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Marginal cost is equal to average total cost when a. average variable cost is falling. b. marginal cost is at its minimum. c. av

atroni [7]

Answer: C

Explanation: average total cost is at its minimum

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2 years ago

What is unemployment insurance fund

MArishka [77]

Salutations!

What is unemployment insurance fund?

Unemployment insurance fund is a short term holiday, or consolation where workers do not work due to personal issues, such as: illness, family cases etc.

Hope I helped :D

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3 years ago

Sandusky Company borrowed $28,000 from the Lakeside Bank by issuing a 10% three-year installment note. Sandusky agreed to repay

Marrrta [24]

Answer:

the amount of the interest expense associated with the second payment would be $1,954

Explanation:

According to the given data we have the following:

Amount borrowed= $28,000.00

10% interest=$28,000×0.10=$2,800

Therefore, Total outstanding at end of year 1=$28,000+$2,800

Total outstanding at end of year 1=$30,800

Sandusky agreed to repay the principal and interest by making annual payments in the amount of $11,259.21, therefore

Net balance at end of year 1= $30,800-$11,259.21

Net balance at end of year 1=$19,540.79

Hence, To calculate the amount of the interest expense associated with the second payment we would have to make the following calculation:

amount of the interest expense associated with the second payment= $19,540.79×10%=$1,954

6 0

3 years ago

The clock division of Control Central Corporation manufactures clocks and then sells them to customers for $10 per unit. Its var

Nastasia [14]

Answer:

Minimum Transfer Price is $3.50

Explanation:

The Minimum transfer price is calculated by adding the variable cost per unit with the opportunity cost. In this case where the clock division is not operating at full capacity then the opportunity cost would be considered as $0.

Moreover, the division would be able to avoid a $0.5 cost per clock. Therefore, the variable cost will be $3.50 ($4 - $0.5) after eliminating the $0.5.

Finally, the minimum transfer would as follows:

Minimum Transfer Price = Variable cost + Opportunity Cost

Minimum Transfer Price = $3.50 + $0

Minimum Transfer Price = $3.50

8 0

3 years ago

A stock has a market price of $46.10 and pays a $2.40 annual dividend. what is the dividend yield? 4.13 percent 4.84 percent 5.2

hichkok12 [17]

To solve:
Dividend yield = Annual Dividend / Market Price
Dividend yield = $2.40 / $46.10
Dividend yield = 0.0521
Then we are going to multiply by 100 to get the total in a percent
Dividend yield percent = (0.0521)(100)
Dividend yield = 5.21%

6 0

3 years ago