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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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Aircraft Products, a manufacturer of aircraft landing gear, makes 1,000 units each year of a special valve used in assembling on
Sedaia [141]

Answer:

b. Increase by $17,000

Explanation:

For computing the change in the operating income, first we have to determine the cost by make and buy options

Make options:

= Variable cost + fixed cost

= $70 + $60

= $130

Buy options:

= Outside supplier cost + fixed cost × remaining percentage

= $77 + $60 × 60%

= $77 + $36

= $113

So, the difference of cost would be

= $130 - $113

= $17

And, the operating income would be

= Number of units make in each year × cost difference

= 1,000 units × $17

= $17,000

4 0
2 years ago
An engineer invests $5,000 at the end of every year for a 40-year career. If the engineer wants $1 million in savings at retirem
Feliz [49]

Answer: 7%

Explanation:

Given data:

P = $5,000

r = ?

t = 40years

i = $1,000,000

Solution:

NFW = 0 = -$5000 ( F/A , i , 40 ) + $1,000,000

( F/A , i , 40 ) = $1,000,000 / $5,000

= 200

From compound interest table

( F/A , 7% , 40 ) = 199.636

Therefore the return for the investment would be 7%

5 0
2 years ago
What are dividends?
sergeinik [125]
C. Distribution of a small percentage of profits to shareholders.
4 0
3 years ago
What happens to the equilibrium price when supply goes down? A. The price goes up. B. The price goes down. C. The price stays th
Nady [450]
When supply goes down, the equilibrium price goes up. This is because if there is a smaller supply the good becomes more valuable to people who want the good.
4 0
3 years ago
If the exchange rate for Mexican pesos has changed from 10 pesos to 9 pesos per dollar, _____.
cestrela7 [59]
When the exchange rate for the Mexican peso changes from 10 pesos to the U.S dollar to 9 pesos to the U.S. dollar, then the Mexican peso has appreciated and the U.S. dollar has depreciated.

When a currency appreciates<span>, it means it has increased in value relative to any other currency; </span>depreciate means<span> it has been weakened or fell in value relative to any other currency.</span>
5 0
3 years ago
Read 2 more answers
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