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3 years ago

On the back of a check payable to Nero, Nero writes "Pay to Odell, without recourse" and signs it. This

Business

1 answer:

Darina [25.2K]3 years ago

6 0

Answer: The correct answer is "b.relieves Nero of liability on the check.".

Explanation: If on the back of a check payable to Nero, Nero writes "Pay to Odell, without recourse" and signs it. This relieves Nero of liability on the check.

Nero writing "pay Odell, without recourse" on the back of the check, transmits the rights of the title, but adding the clause "without recourse" that frees Nero from the responsibility for the payment of the check, that is, in In case of non-payment, Odell can not take action against Nero, but against the drawer of the check or other obligors that respond jointly and severally.

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Rodriguez, Inc., is preparing its direct labor budget for 2020 from the following production budget based on a calendar year. Qu

Veseljchak [2.6K]

Answer:

Instructions are below.

Explanation:

Giving the following information:

1st Quarter= 20,400

2nd Quarter= 25,370

3th Quarter= 35,420

4th Quarter= 30,200

Each unit requires 1.8 hours.

Direct labor rate= $18

<u>The direct labor budget is calculated using the total hours required for each quarter, and the direct labor rate.</u>

Q1:

Total hours required= 1.8*20,400= 36,720

Total cost= 18*36,720= $660,960

Q2:

Total hours required= 1.8*25,370= 45,666

Total cost= 18*45,666= $821,998

Q3:

Total hours required= 1.8*35,420= 63,756

Total cost= 18*63,756 = $1,147,608

Q4:

Total hours required= 1.8*30.200= 54,360

Total cost= 18*54,360 = $978,480

8 0

3 years ago

The recession of 20072009 made many consumers pessimistic about their future incomes. how does this increased pessimism affect t

Arisa [49]

The increased pessimism will affect the aggregate demand curve by: shifting the aggregate demand curve to the left.

<h3>What is Aggregate Demand Curve?</h3>

An aggregate demand curve can be described as curve that shows the total spending that is made on domestic goods and services based on different price levels.

When the aggregate demand curve shifts to the right, it means demand is increased. However, wen aggregate demand curve shifts to the left, it means demand decrease.

Recession that happened in 2007-2009 that made many consumers pessimistic about their future incomes discourages buying. This leads to a decrease in demand which will make the aggregate demand curve to shift to the left.

Therefore, the increased pessimism will affect the aggregate demand curve by: shifting the aggregate demand curve to the left.

Learn more about aggregate demand curve on:

brainly.com/question/17118208

#SPJ4

4 0

1 year ago

Managerial accounting is an activity that helps managers determine costs of products and services, plan future activities, and c

Elenna [48]

Answer:

True.

Explanation:

Managerial accounting involves managers using accounting information to better inform themselves before making business decisions. It involves analysing, interpreting and communicating financial data to managers to aid in achievement of organisation's goals.

Managerial accounting is for internal use in the business. Data is modified to meet specific need of the end-user. For example a manager may want to see sales figures for a quarter compared to business target. This will give an idea if the business is meeting it's objectives.

4 0

4 years ago

The Old World Café’s cash register receipts showed total sales of $884. The cash equaled $534, and the credit card slips equaled

Crazy boy [7]

Answer:the answer is $307

Explanation: some one didn't pay

8 0

3 years ago

Suppose the demand for hard-wood flooring increases, while the demand for wall-to-wall carpeting decreases. Based on this change

Hatshy [7]

Answer:

Option A

Explanation:

Frictional joblessness is one form of joblessness. This is often referred to as searching insecurity, that can be dependent on specific conditions. When an employee applies for a position or moves from one workplace to another which is time wasted in employment than such condition is called frictional unemployment.

There is frictional instability, since both employers and employees are diverse, and the dynamics of market forces can lead in a shortage. Such a misalignment may be linked to expertise, salary, job time, place, mood, taste, and many other variables.

8 0

3 years ago

On the back of a check payable to Nero, Nero writes "Pay to Odell, without recourse" and signs it. This​

On the back of a check payable to Nero, Nero writes "Pay to Odell, without recourse" and signs it. This