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Murljashka [212]
3 years ago
11

Amy takes her car to Better Fix-It, Inc., which repairs the car and bills Amy for $500. Amy writes out a check drawn on Capital

Bank, but later, believing that Better did not repair the car properly, issues a stop-payment order.
Refer to Fact Pattern 28-1B. If First Choice pays the check, the bank:

a) is liable for Amy ’s loss due to the wrongful payment.
b) is liable to Better Fix-It for the time and trouble to return the payment.
c) can sue Amy for a wrongful stop-payment order.
d) can sue Better Fix-It for breach of contract.
Business
1 answer:
meriva3 years ago
8 0

Answer:

Explanation:

I believe the answer is A

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How will trumps Muslim ban affect the economy?
il63 [147K]
Well if the muslims have any trade with us then that will most likely stop. most could be kicked out and that could start a riat. the economy would be bad but it will not be any worse than what he started with. he have been in the office for less than a week now and has already hit isis countless times. something obama never did. i would say trump's ban on muslims would cause a minor effect on the economy.
6 0
3 years ago
Read 2 more answers
Wainwright Corporation owns and operates a wholesale warehouse.
KATRIN_1 [288]

Answer:

Operating transactions

-$5000

-$6000

-$70000

$55000

Total = -$26000

Financing transactions

+ $300000

+ $30000

Total = $330000

Investing transactions

-$10000

- $30000

Explanation:

Operating transactions

-$5000

-$6000

-$70000

$55000

Total = -$26000

Financing transactions

+ $300000

+ $30000

Total = $330000

Investing transactions

-$10000

- $30000

8 0
3 years ago
Tanner-UNF Corporation acquired as a long-term investment $170 million of 6% bonds, dated July 1, on July 1, 2013. Company manag
Neporo4naja [7]

Answer:

1) The Investment would be classified as Held-to-maturity securities

2) Journal Entries (in millions)

Debit Investment $170 Credit Bank $140 Credit Discount on investment $30

3) Debit Bank $5.1 Debit Discount on investment $0.5 Credit Interest Income $5.6

4) Debit Fair Value loss $20 Credit Investment $20

5) The investment will be reported at the fair value of $150,000

6) Debit Bank $120 Debit Discount on Investment $29.5 Loss on Investment $0.5 Credit Investment $150,000  

Explanation:

Interest = investment * semiannual interest

6%/2 = 3%

8%/2 = 4%

Bank = $170,000,000*3% = $5,100,000

Interest income = $140,000,000*4%= $5,600,000

Fair Value $150

cost        $170

Fair Value Loss = $20

4 0
3 years ago
X Company is preparing its IPO prospectus and is informed by its attorneys that the company needs to discuss the board's role in
Rom4ik [11]

<u>Answer: </u>This discuss would be best placed within the section of the prospectus known as the management section.

<u>Explanation:</u>

The management section in the prospectus has the information regarding the management team biography and the key people in the company. The board's role in risk oversight is through developing policies to build strategies that are consistent with risk ability of the X Company.

Enterprise risk management is a strategy that helps is preventing the company from any hazards. ERM has its effect on the operations of the company so the Board plays a major role in managing ERM.

3 0
3 years ago
Margie Company produces a single product and has provided the following data concerning its most recent month of operations: Sel
DiKsa [7]

Answer:

$225,400

Explanation:

The computation of total contribution margin under variable costing is shown below:-

Sales (4900 × $88)                             $431,200

Less:Variable cost  

Direct material (4900 ×  $12)              ($58,800)  

Direct labor (4900 × 23)                    ($112,700)  

Variable manufacturing overhead

(4900 ×  2)                                            ($9,800)  

Variable selling and administrative

expenses (4900 × $5)                         ($24,500)  

Total variable expenses                     ($205,800)

Contribution margin                           $225,400

Therefore the total contribution margin under variable costing is $225,400

6 0
3 years ago
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