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butalik [34]
3 years ago
10

Sergio gets a haircut from Amelia and writes a check to pay for it. In this transaction, the drawee is: a. the bank on which the

check is drawn, because it must pay the check. b. Amelia, because the check is payable to her once it is presented at a bank. c. Sergio, because he drew up the check to be charged to his account. d. not a party to this transaction.
Business
1 answer:
Verizon [17]3 years ago
7 0

Answer: the bank on which the check is drawn because it must pay the check. (A)

Explanation:

A Drawee is a banking and legal term that is used to describe the party which has been directed by the depositor to pay a certain amount of money to the person who is presenting the draft or check or draft.

A typical example is if when someone is cashing a paycheck. The drawer is the bank that cashes the person's check, the drawer is the employer or person who wrote the check, and the person cashing the check is the payee.

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Global Exporters wants to raise $31 million to expand its business. To accomplish this, it plans to sell 20-year, $1,000 face va
yanalaym [24]

Answer:

Min number required = 36742.44878 rounded off to 36743 bonds

Explanation:

To calculate the minimum number of bonds that must be sold, we first need to calculate the bonds price.

To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,

Coupon Payment (C) = 1,000 * 0.062 * 6/12  = $31

Total periods (n) = 20 * 2 = 40

r or YTM = 0.0775 * 6/12 = 0.03875 or 3.875%

The formula to calculate the price of the bonds today is attached.

Bond Price = 31 * [( 1 - (1+0.03875)^-40) / 0.03875]  + 1000 / (1+0.03875)^40

Bond Price = $843.7107767 rounded off to $843.71

The bonds will sell at a price of $843.71 today.

So the minimum number of bonds that must be sold is,

Min number required = 31,000,000 / 843.7107767

Min number required = 36742.44878 rounded off to 36743 bonds

6 0
3 years ago
i made a bet with my friend that he couldnt swallow an egg full, hes laying on the ground now what do i do
drek231 [11]

Answer:

call the poison doctor or 911 or if you know cpr

Explanation:

7 0
2 years ago
White Company owns 60% of Cody Company. Separate tax returns are required. For 2017, White's operating income (excluding taxes a
Sauron [17]

Answer:

Option (A) is correct.

Explanation:

Cody's undistributed earnings for 2018:

Given that,

Pretax Income = $125,000

Income tax rate for both companies = 30%

Cody declared total dividends = $25,000

Tax = Pretax income × Tax rate

      = $125,000 × 30%

      = $37,500

Undistributed Earnings = Pretax Income - Tax - Dividends distributed

                                        = $125,000 - $37,500 - $25,000

                                        = $62,500

3 0
3 years ago
A company borrows $500 million from a bank to finance the construction of its headquarters building. The terms of the loan are a
nata0808 [166]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

4 0
3 years ago
A​ check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks
aliina [53]

Answer:

A. Forecast for July = 42.

B. Forecast for August = 42.45

C. Because of seasonality in the banking industry.

Explanation:

A. Forecast for July = Forecast for June + Smoothing constant x (Forecasting error)

                                 = 42 + 0.15 (42-42) = 42

B. Forecast for August = Forecast for July + 0.15 (Forecasting error)

                                      = 42 + 0.15 (45-42) = 42.45

C. Because there is a great deal of seasonality in the processing requirements of banking industry, this forecasting method (exponential smoothing) might not be appropriate for this situation.

5 0
2 years ago
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