This deal will be fully discharged when Leony pays Kali the $3000 for the car and Kali hands over her car to Leony so that Kali has the money and Leony has the car which means the transaction has been successfully completed.
Answer:
B. $16.67
Explanation:
The computation of the accrued interest expense is shown below:
= Notes receivable or Principal × rate of interest × number of days ÷ (total number of days in a year)
= $5,000 × 4% × (30 days ÷ 360 days)
= $16.67
We assume there are 360 days in a year
And, the 30 days is calculated from December 1 to December 31
This is the answer and same is not mentioned in the given options
Answer: Option D
Explanation: In simple words, temporary workers refers to an arrangement under which an individual is hired to perform a job for a specified period of time as per the needs of the employing organisation.
Hence in the given case, tax preparation company is a suitable form for temporary employees as they have few business clients and that too handled individually.
If some of the clients shifts to another firm then the subject firm can delpoy the temporary worker who was handling such client.
Thus, the correct option is D.
Answer:
Fannie Mae would argue that "to the order of" is a complete order instrument that needs endorsement and can be enforced. "Pay to the order of" are negotiable instruments that must be paid via endorsement and delivery.
Explanation:
The Federal National Mortgage Association (Fannie Mae) wanted to foreclose on the house and sell it to recover the balance due. Smith argued that the words "to the order of " in the endorsement made the note an incomplete order instrument and that Fannie Mae could not enforce it. What is Fannie Mae's best response to this argument
Smith argued, among other things, that the indorsement on the note rendered it incomplete and "insufficient to support the use of executory process and,the words "to the order of [blank]" included in the subject indorsement made the instrument incomplete order paper, not bearer paper, and thus Fannie Mae could not properly enforce the note.However,Fannie Mae would argue that "to the order of" is a complete order instrument that needs endorsement and can be enforced. "Pay to the order of" are negotiable instruments that must be paid via endorsement and delivery.
Answer:
d. $80 per machine hours
Explanation:
The computation of the overhead rate is shown below:
Overhead rate = Estimated total overhead cost ÷ total machine hours
= $16,000,000 ÷ 200,000 hours
= $80 per machine hours
The overhead rate is come by dividing the estimated total overhead rate by the total machine hours
All the other information that is mentioned is not considered. Hence, ignored it
