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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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barxatty [35]

Answer:

Days in Inventory = 63 days

Explanation:

We know,

Days in Inventory = 365 days ÷ Inventory Turnover

Given,

Inventory turnover = Cost of goods sold ÷ Average Inventory

Inventory turnover = 16,936 ÷ [( $2,410 + 3,430) ÷ 2]

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Inventory turnover = 16,936 ÷ 2,920

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Putting the values into the formula, we can get

Days in Inventory = 365 days ÷ Inventory Turnover

Days in Inventory = 365 days ÷ 5.8

Days in Inventory = 63 days

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Either A or C would be right, because it couldn't be a decrease of the equity.
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