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Oksi-84 [34.3K]
3 years ago
13

Which one of these statements about promissory notes is incorrect? A promissory note is more liquid than an account receivable.

The party making the promise to pay is called the maker. The party to whom payment is to be made is called the payee. A promissory note is not a negotiable instrument.
Business
1 answer:
olga2289 [7]3 years ago
7 0

Answer: A promissary note is not a negotiable instrument.

Explanation:

A promissary note is a financial instrument written by an issuer or maker to a payee promising a definite amount of money at a specified date.

A promissary note can either be negotiable or not. It becomes non-negotiable when certain conditions are met. Some of the conditions include:

1. A specific amount has been agreed upon by both parties

2. There are no conditions to be met before payment can be made.

Therefore, the statement, 'a promissary note is non negotiable' is false

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A change in the amount of sales can be due to either a change in the units sold or a change in price or both.
olga55 [171]

Answer:

true

Explanation:

The amount of sales variables (units sold and price) are correlated then a change in 1 will always alter the other.

5 0
3 years ago
You invested 50% of the wealth in stock A and the remaining 50% in stock B. The expected rates of returns on A and B are given b
tresset_1 [31]

Answer:

B. 1.291%

Explanation:

The computation of the standard deviation is shown below;

= 2000 + 2001 + 2002 +  2003

= 0.5 × 14% + 0.5 × 16% + 0.5 × 15% + 0.5 × 17% + 0.5 × 16% + 0.5 × 18% + 0.5 × 17% + 0.5 × 19%

= 15% + 16%  + 17% + 18%

= stdev( 15% + 16%  + 17% + 18%)

= 1.291%

Hence, the correct option is b.

7 0
3 years ago
charlotte is visiting brazil and is looking at souvenirs to purchase. she finds a jersey that costs 137 brazilian real. if the c
sdas [7]

Tt’s $25.23 because if you compare the price to money in USA, it will come up to that amount.

<h3>What is money?</h3>

Money is a good that is frequently used as a medium of economic exchange. It acts as the primary determinant of wealth and the means of expressing prices and values. By anonymously traveling from one person to another and from one nation to another, it allows trade as a kind of exchange.

Money is something that is frequently utilized in a specific nation or socioeconomic setting to buy goods and services and pay off debts. As a unit of account, a medium of exchange, and periodically as a baseline for postponed payments, money serves four main purposes.

To learn more about money visit:

brainly.com/question/22984856

#SPJ4

6 0
1 year ago
Which costs will change with a decrease in activity within the relevant range? Select one:
Harman [31]

Answer:

The correct answer is option b.  

Explanation:

The fixed costs refer to that part of the cost of production which is not affected by the volume of activity. The total fixed cost remains constant in the entire production process.

The fixed cost per unit is the ratio of total fixed costs and the level of output. It increases with a decrease in level of activity.

The variable cost is the cost incurred on the variable inputs employed in the process of production. As the level of activity declines the number of variable factors employed will also decline. This will cause the total variable cost to decrease.

6 0
3 years ago
A product is defined as a business product rather than a consumer product on the basis of its _____.​
Phoenix [80]

Answer:

intended use

Explanation:

Products that are in their final form and are ready to be purchased and consumed by individuals or households for their personal satisfaction are classified as consumer products. On the other hand, if they are bought by a business for its own use, they are considered business products.

6 0
3 years ago
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