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Mnenie [13.5K]
3 years ago
9

To be liable on a negotiable instrument, a person must:

Business
1 answer:
Ymorist [56]3 years ago
3 0

Answer:

The correct answer is letter "A": sign the instrument.

Explanation:

When talking about negotiable instruments, there are two types of liabilities: <em>Signature Liability </em>and <em>Warranty Liability</em>. Signature Liability refers to those documents where who signs is potentially liable for the responsibilities of the document stated. Warranty Liability is where the liability relies on the person to whom the document was transferred in good faith.

In both cases, <em>the initial holder of the document must sing the instrument so it will be clear to whom belongs the liability.</em>

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Mary sells to her father, robert, her shares in aa corp for $55,000. the shares cost mary $80,000. how much loss may mary claim
MaRussiya [10]
<span>Mary bought the shares at $80000 Mary sold the shares at $55000 Hence the loss that can be claimed =80000-55000 =$25000 Hence Mary can claim @25000 as loss</span>
4 0
4 years ago
Read 2 more answers
MSI is considering outsourcing the production of the handheld control module used with some of its products. The company has rec
aleksandr82 [10.1K]

Answer:

If the company makes the units in-house, it will save $10,000.

Explanation:

<u>The fixed costs will remain in both options. Therefore, the fixed costs are irrelevant to the decision-making process.</u>

<u></u>

Buy:

Total cost= 10,000*16= $160,000

Make in house:

Total cost= 10,000*(9 + 4 + 2)= $150,000

If the company makes the units in-house, it will save $10,000.

6 0
3 years ago
A physical count of Ayayai Company’s inventory at year-end determined that inventory on hand had a value of $1,628,000. Upon fur
fgiga [73]

Answer:

The amount that should be reported for inventory on Ayayai Company’s balance sheet at December 31, 2022 is $1,504,800

Explanation:

In order to calculate the amount that should be reported for inventory on Ayayai Company’s balance sheet at December 31, 2022 we would have to make the following calculation:

amount that should be reported for inventory on Ayayai Company’s balance sheet at December 31, 2022= Inventory as per physical count -inventory purchase-goods shipped-goods held on consignment

amount that should be reported for inventory on Ayayai Company’s balance sheet at December 31, 2022= $1,628,000-$51,900-$55,500$-$16,300

amount that should be reported for inventory on Ayayai Company’s balance sheet at December 31, 2022=$1,504,800

3 0
4 years ago
Personal Consumption Expenditures$4,500 Consumption of Fixed Capital150 Gross Private Domestic Investment800 Government Purchase
Natali [406]

Answer:

The GDP in this economy is $6,230 billion.

Explanation:

The GDP can be calculated using the following formula:

Y = C + I + G + (X - M) ....................................... (1)

Where:

Y = GDP of the economy

C = Personal Consumption Expenditures = $4,500

I = Gross Private Domestic Investment = $800

G = Government Purchases = $950

X = Exports = $65

M = Imports = $85

Substituting the values into equation (1), we have:

Y = $4,500 + $800 + $950 + ($65 - $85)

Y = $6,250 - $20

Y = $6,230

Since the figures are in billions of dollars, the GDP in this economy is therefore $6,230 billion.

8 0
3 years ago
Suppose Ms. Smith sells her 2018 Honda Fit next year. The original cost of the
Greeley [361]

Answer:

C

Explanation:

Cost=10000

Accumulated depreciation=3000

Sales price=9000

Net value=10000-3000=7000

Gain=9000-7000=2000

7 0
3 years ago
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