All categories

4 years ago

Saul wrote Olive a check for $296.45, and Olive deposited the check into her checking account. Where was Olive's signature?

Business

2 answers:

BaLLatris [955]4 years ago

8 0

on the back of the check

lubasha [3.4K]4 years ago

6 0

Answer

Olive’s signature will be at the back

Explanation

When the cheque was made payable to Olive, it mean that the cheque was paid out to Olive thus it should bear a signature on the back indicating that the cheque has been made over to him. This is called endorsement in Blank, where it is legally made payable to anyone. Olive can therefore receive this cheque endorsed in this manner.

You might be interested in

Why does a campground at a national park not necessarily count as a public good?

In-s [12.5K]

It does not necessarily count as public good because a camp ground is not a good method of showing importance of the national park as the park is open to the public and should be respected in any means possible as they are open to the public and having it as a campground is not a way of showing its importance.

5 0

3 years ago

Read 2 more answers

Larry is a hard-working college freshman. One Saturday, he decides to work nonstop until he has answered 200 practice problems f

OverLord2011 [107]

Answer:

The marginal gain from Larry's second hour of work is 60 problems

The marginal gain from Larry's fourth hour of work is 20 problems

The best combination is 1 hour of working problems + 3 hours of reading

Explanation:

To get the marginal gain we subtract from the latest hour, in this case the second hour (140), the production from the previous hour (80). 140-80=60. It's always the same, the latest minus the previous one.

So let's do the same for the fourth hour:

Noon................200 problems

minus

11:00 AM..........180 problems

200-180= 20 problems

Now to know how many hours he should spend working on problems and reading, let's compare:

An hour of reading equals to 70 problems made; (because working on 70 problems raises a student’s exam score by about the same amount as reading the textbook for 1 hour).

hours of working problems problems solved

0............................................................0

1.............................................................80

2............................................................140

3............................................................180

hours reading problems equivalent to hours read

4...............................................(4*70)=280

3...............................................(3*70)=210

2...............................................(2*70)=140

1................................................(1*70)=70

finally let's add up the two combinations (0 and 4, 1 and 3, 2 and 2, 3 and 1)

0 and 4_______________0+280= 280

1 and 3________________80+210=290

2 and 2_______________140+140=280

3 and 1________________180+70=250

And the best combination is 1 hour of working problems + 3 hours of reading=290

3 0

3 years ago

Fosnight Enterprises prepared the following sales budget: Month Budgeted Sales March April May June The expected gross profit r

kvv77 [185]

The question is incomplete as the figures are missing. The complete question is,

Fosnight Enterprises prepared the following sales budget:

Month Budgeted Sales

March $6,000

April $13,000

May $11,000

June $20,000

The expected gross profit rate is 20% and the inventory at the end of February was $7,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What are the total purchases budgeted for May?

Answer:

Purchases - May = $10960

Explanation:

To calculate the total value of purchases that are budgeted for May, we first need to calculate the cost of goods sold and the opening and closing inventory for May.

As the gross profit margin is 20%, the cost of goods sold will be 80% of sales.

Cost of goods sold for May = 0.8 * 11000 = $8800

Cost of goods sold for June = 0.8 * 20000 = $16000

Opening inventory - May = 8800 * 0.3 = $2640

Closing Inventory - May = 16000 * 0.3 = $4800

Purchases = Closing Inventory + Cost of Goods Sold for the month - Opening Inventory

Purchases - May = 4800 + 8800 - 2640

Purchases - May = $10960

3 0

3 years ago

The allowance for doubtful accounts currently has a debit balance of $200. The company's management estimates that 2.5% of net c

lidiya [134]

Answer:

Bad debt expense (w/o allowance) = $2,875

Bad debt expense ( with allowance) = $2,675.

Explanation:

According to the scenario, the given data are as follows:

Net credit sales = $115,000

Uncollectible percentage = 2.5%

So, we can calculate the bad debt expense without Allowance for doubtful accounts by using following method:

Bad debt expense ( W/o allowance) = $115,000 × 2.5%

= $2,875

After Allowance for doubtful expense

Bad debt expense = $2,875 - $200

= $2,675

4 0

3 years ago

Which person would most benefit from homeowners insurance?

atroni [7]

The person would most benefit from homeowners insurance is D) Fran lives in an assisted living facility.

<h3>What is insurance?</h3>

Insurance can be described as the way of managing your risk when someone subscribe to insurance, then the protection against unexpected financial losses is been gotten.

Hence, The person would most benefit from homeowners insurance is D) Fran lives in an assisted living facility.

Therefore , option D is correct.

Learn more about insurance at:

brainly.com/question/25855858

#SPJ1

4 0

2 years ago