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spin [16.1K]
4 years ago
7

Which of the following is true about checks?

Business
1 answer:
tankabanditka [31]4 years ago
4 0

Incomplete question. Here's the remaining question;

A. It is a two-party instrument.

B. It necessitates that the seller has to be both the drawer and the payee.

C. It is always payable on demand.

D. It requires that the drawer is holding the drawee's money.

Answer:

C

Explanation:

Note that, to be always paid on demand implies that any time a request is made (demanded) to the bank will be fulfilled.

Therefore, an individual has a sense of security using checks to receive payments.

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What is the impact of Corona virus as one of the socio economic issues on businesses​
Anna71 [15]

Answer:

The CO.VID-19 pandemic produced a wide variety of types of effects worldwide, especially from spring 2020. Many people got sick and died from CO.VID-19. The fear that they themselves or people for whom they feel responsible would share this fate seized the population, scientists and politicians worldwide. There was a need for action from the development of the number of newly infected and deceased, from the economic crisis 2020/21, from a problematic development of social structures, from psychological stress on the Individuals and from further effects. In addition to concerns about people's lives and health and the resilience of the economy, there was also concern that the population could be deprived of basic rights for longer than justified by the pandemic.

5 0
3 years ago
Tony's marginal income tax rate is 24%, and he pays FICA tax on his entire salary (7.65%). Tony's employer offered him a choice
Vlad [161]

Answer: The fringe benefit is worth $182 more than the additional salary.

Explanation:

The Fringe benefit is valued at $3,600.

The additional salary after taxes is:

= 5,000 - (5,000 * 24%) - (5,000 * 7.65%)

= 5,000 - 1,200 - 382.5

= $3,418

The Fringe benefit is worth more than the salary by:

= 3,600 - 3,418

= $182

<em>Options are more probably for a variant of this question. </em>

8 0
3 years ago
6. Why is it important to consider the structure of your resume and what
Mkey [24]

Answer:

<h2>include the following week I have a a but this is the real account of Finn have a great day today with my mom said you didn't want me there was an accident in the middle of nowhere near as much </h2>

Explanation:

that my answer po

7 0
3 years ago
promissory note received from a customer in exchange for an account receivable is recorded by the payee as
luda_lava [24]

Answer: Note Receivable

Explanation:

A Note Receivable is a written document from a party promising to repay another party with interest on amounts borrowed in form of cash or otherwise thereby creating a debtor - creditor relationship between them.

When a promissory note is received from a customer in exchange for an accounts receivable it is a <em>Note Receivable</em> and the Payee being the creditor will record it as such.

4 0
4 years ago
Break Even Analysis 1. A USB thumb drive production line will have $240,000 fixed costs variable costs per unit of $1.97. Each u
melomori [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Fixed costs= $240,000

Unitary variable cost= $1.97

Selling price per unit= $4.97.

First, we need to calculate the break-even point in units:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 240,000 / (4.97 - 1.97)

Break-even point in units= 80,000 units

<u>The break-even point analysis provides information regarding the number of units to be sold to cover for the fixed and variable costs.</u>

If the forecasted sales are 120,000, this means that the company will cover costs and make a profit. The margin of safety is 40,000 units.

3 0
3 years ago
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