Incomplete question. Here's the remaining question;
A. It is a two-party instrument.
B. It necessitates that the seller has to be both the drawer and the payee.
C. It is always payable on demand.
D. It requires that the drawer is holding the drawee's money.
Answer:
C
Explanation:
Note that, to be always paid on demand implies that any time a request is made (demanded) to the bank will be fulfilled.
Therefore, an individual has a sense of security using checks to receive payments.
Answer:
Tony will pay interest of $6.50 as part of the first loan payment.
Explanation:
Amount of Loan = $1300
Annual Interest = 6%
Monthly interest rate = 6% / 12 = 0.5%
Monthly Loan Payment = $57.62
Monthly installment is compromised of the interest payment on the due balance and the principal payment.
Interest payment in first installment = $1300 x 0.5%
Interest payment in first installment = $6.50
Principal portion of first installment = $57.62 - $6.50
Principal portion of first installment = $51.12
Answer:
No, because silence under these circumstances will not constitute acceptance.
After the balance sheet date with duplicate sales invoices and shipping documents.
<h3 /><h3>What is the risk of material misstatement?</h3>
The risk of major misrepresentation is the possibility that an organization's financial statements contain significant errors. Auditors evaluate this risk at the two levels listed below. The level of detection risk is reduced when the danger of material misstatement is high (increases the amount of evidence obtained from substantive procedures). The risk of an audit is decreased as a result.
To know more about misrepresentation visit:
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Answer:
C. Portfolio AB has more money invested in Stock A than in Stock B.
Explanation:
Beta coefficient is used to measure the systemic risk of an investment, while standard deviation is employed to measure the total risk of an investment.
Under a portfolio investment decision making, beta coefficient is the relevant measure of risk to consider because its only aim is to put the undiversifiable risk into consideration.
Therefore, Portfolio AB has more money invested in Stock A because it has lower beta of 1.2 than in Stock B has a higher beta of 1.4.
