The study of large-scale economic phenomena is calle

Nero signs a check "pay to the order of Olive" drawn on Nero's account in Plum Bank- Olive signs the back of the check. Secondar

9966 [12]

Answer:

A. Nero and Olive only

Explanation:

The primary liability is on Olive, and secondary liability is on both Nero and Olive. Secondary liability is a legal obligation that a party accepts on behalf of another party. In this case, Nero and Olive are liable for each other.

The bank is not liable for any action related to the check except for those directly related to the bank's operation.

6 0

3 years ago

When an investor adds international stocks to his or her U.S. stock portfolio, a. he or she needs to seek professional managemen

Ksivusya [100]

Answer:

When an investor adds international stocks to his or her U.S. stock portfolio, a. he or she needs to seek professional management because he or she doesn't have access to international investments on his or her own. b. it will have no impact on either the risk or the return of his or her portfolio. c. he or she will increase his or her expected return but must also take on more risk. d. he or she can reduce the risk of his or her portfolio. e. it will raise his or her risk relative to the risk he or she would face just holding U.S. stocks.

3 0

3 years ago

A writer, an illustrator, a publisher and an agent would form a

PIT_PIT [208]

Answer:

B. Cross-functional team

Explanation:

7 0

3 years ago

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When converting net income to net cash provided (used) by operating activities under the indirect method increases in accounts r

Maurinko [17]

Answer:

Decrease in inventory and increases in accrued liabilities are added.

Explanation:

8 0

3 years ago

Song, Inc., uses the high-low method to analyze cost behavior. The company observed that at 22,000 machine hours of activity, to

andriy [413]

Answer:

Variable cost per unit= $8.4

Explanation:

<u>First, we need to calculate the total cost for each level of machine hours:</u>

Low activity level:

Total cost= 22,000*33.4= $734,800

High activity level:

Total cost= 25,000*30.4= $760,000

<u>Now, we can determine the variable and fixed costs:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (760,000 - 734,800) / (25,000 - 22,000)

Variable cost per unit= $8.4

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 760,000 - (8.4*25,000)

Fixed costs= $550,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 734,800 - (8.4*22,000)

Fixed costs= $550,000

8 0

3 years ago