For a promise or order to be considered negotiable, it must
of a necessity be an unconditional order for payment. Unlike deals where satisfaction
with the goods being purchased is prerequisite for payment, for a negotiable
promise or order, payment cannot depend upon any condition or contract.
Answer:
By what percentage did the price of a dozen eggs rise?
- [($2.75 - $0.96) / $0.96] x 100 = 186.46%
By what percentage did the wage rise?
- [($21.26 - $14.28) / $14.28] x 100 = 48.88%
In order to earn enough to buy a dozen eggs, a worker had to work <u>4.04</u> minutes in December 2000 and <u>7.76</u> minutes in December 2015.
- ($0.96 / $14.28) x 60 = 4.04 minutes
- ($2.75 / $21.26) x 60 = 7.76 minutes
Workers' purchasing power in terms of eggs between 2000 and 2015.
- purchasing power in terms of eggs in 2000 = 14.875 dozens of eggs per hour
- purchasing power in terms of eggs in 2015 = 7.76 dozens of eggs per hour
Answer:
Journal entry to record Smith's payment
- Dr Cash account 500
- Cr Accounts Receivable account 500
Explanation:
The following journal entry was made when the account was written off:
- Dr Bad Debt Expense account 500
- Cr Accounts Receivable account 500
When the write off was reversed the following journal entry was made:
- Dr Accounts Receivable account 500
- Cr Bad Debt Expense account 500
Answer:
Eddith Carolina could accept to take on the new cosmetic line, while Michael Sanders may reject same.
Explanation:
Eddith Carolina, been the president of the company, has shown that he's a risk taker. The idea behind this is that he is open to new opportunities that could otherwise improve his holdings and networth. The decision to take on a new cosmetic line is therefore in line with the policy of the President of the company. The implication is that Eddith Carolina is tilted to accepting the proposal.
Michael Sanders, on the other hand, is an ordinary employee. Even though he is the manager of the division, he bears no risk of ownership. And in an event of liquidation or solvency, he simply has no big collateral to part with, unlike the Eddith Carolinas. What individual like Michael Sanders are interested in is the protection of their job and income. Knowing the nature of an employee as conservative and risk averse and the fear of not loosing their paid job, it is therefore not surprising that Michael Sanders could reject the new cosmetic line bid.
Answer:
The answer to this question is Option E. different evaluation and reward systems.
Explanation:
As a production manager, George is accountable for resource budgets that are highly sensitive to overtime pay rates. As a sales manager, Lucas needs to meet customer delivery schedules at all costs to avoid losing contracts that drive his commissions. The conflict that arises between these managers is the result of different evaluation and reward systems.
