When you make one payment in full at the end of the year.
Answer: d. must stop payment if the bank has a reasonable time to act.
Explanation:
Dios as a bank holds money for it's customers which means that the money is still under the ownership of the customer in question to do as they see fit.
If the customer therefore instructs them to act in a certain way with that money, they will do so provided that it is legal of course.
Bok asks Dios to stop a payment related to his own money and so they must do so if they have enough/reasonable time to do so because as their customer, he is there first priority especially in relation to his own money.
Answer:
$1,080,000 asset
Explanation:
Net deferred income taxes = Unused plant facilities disposed * Tax rate = $3,600,000 * 30% = $1,080,000 asset
Therefore, $1,080,000 should be reported as net deferred income taxes on Krause's balance sheet at December 31, 2018.
Answer:
The correct answer is: increase; reduce; increase; does not generate; consumers; producers and government
Explanation:
A quota is a trade restriction that limits the quantity imported of a good. An import quota on avocadoes will reduce the supply of avocadoes. This will cause the price of avocadoes to increase. This increase in price will reduce the consumer's surplus and increase the producer surplus.
A quota does not generate any revenue for the government.
This imposition of quota creates a deadweight loss for the society as the loss in consumer surplus is greater than the increase in producer surplus and government revenue.
Answer: See explanation
Explanation:
a. Determine the proceeds of the note assuming the note carries an interest rate of 8%.
The proceeds of the note is the face value which is $49800.
b. Determine the proceeds of the note assuming the note is discounted at 8%.
Face amount: $49800
Less: Interest = $49800 × 8% × 60/360 = $664
Proceed of the note = $49136
