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dimaraw [331]
3 years ago
14

Hidalgo is primarily liable on a promissory note. Because of this, he: a. is required to pay, unless he has a valid defense to p

ayment. b. cannot raise any defense to paying the note. c. cannot be required to pay under any circumstances.
Business
1 answer:
MatroZZZ [7]3 years ago
4 0

Answer:

The correct option is A

Explanation:

Promissory note is the kind or type of note which is considered to be a financial instrument,and it comprise of a written promise made by one party  to another party in order to pay a specific or particular amount or sum of money or amount, either on a particular or a future date or on demand by the party.

This note involve the terms that are pertaining to the indebtedness like the maturity date, issuer signature, principal amount, place of issuance and the interest rate.

Therefore, Hidalgo is liable on the promissory note and because of this, he is required to pay until he has a valid and a genuine defense to payment.

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A customer who lives in New York has an account with a broker-dealer and sales representative that are both registered in State
mash [69]
True because I said so and i don’t really care but I hope this helped
8 0
3 years ago
1. Tells whether a company can pay all its current liabilities if they become due immediately 2. Measures a company's success in
kirill [66]

Answer: Incomplete question.

Match the following terms to there definition.

Explanation:

1. Tells whether a company can pay all its current liabilities if they become due immediately - Quick Ratio

2. Measures a company's success in using assets to earn income - Return on Assets

3. The practice of comparing a company with other companies that are similar - Benchmarking

4. Indicates how rapidly inventory is sold - Inventory turnover

5. Shows the proportion of a company's assets that is financed with debt - Debit Ratio

6. Tells the percentage of a stock's market value that the company returns to stockholders annually as dividends - Dividend Yield

7. Measures a business's ability to pay interest on its debt - Interest coverage ratio

8. Measures a company's ability to collect cash from credit customers -

Account Receivable Turnover

3 0
2 years ago
Suppose you buy a 7 percent coupon, 20-year bond today when it’s first issued. If interest rates suddenly rise to 15 percent, wh
Mariana [72]

Answer: The value of the bond will decrease

Explanation:

The Interest rate has a negative inverse relationship with the value of a bond . When the interest rate increases the value of a bond decreases and when interest rate decreases  the bond value increases. Bonds with low coupon rates tend to be more sensitive to interest rate changes this is known has coupon effect.

Bonds with long time frame (long term bonds), they also  tend to be are more sensitive to changes in the interest rate this is known has the maturity effect.  Therefore a change in the interest rate will cause a huge change in the value of a Bond with low coupon rate and long time period.

The Bond is a 20 year Bonds which qualifies it to be a long term bond and the coupon Rate is 7%, with these facts and knowing that  long term bonds are more sensitive to interest rate changes we can conclude that the sudden increase of the interest rate to 15%  will cause a huge decrease in the value of the bond

5 0
2 years ago
Sidewinder, Inc., has sales of $686,723, costs of $335,000, depreciation expense of $80,000, interest expense of $45,000, and a
algol13

Answer:

The addition to retained earnings is $95,751.

Explanation:

Addition to the retained earning is the net value of net earning of the year and dividend payment.

Net income

Sales                                                $686,723

Costs                                               (<u>$335,000)</u>

Gross income                                  $351,723

Depreciation Expense                   <u>($80,000)</u>

Income before interest and tax     $271,723

Interest Expense                            <u>($45,000)</u>

Income before tax                           $226,723

Tax 22%                                          <u>($49,879)</u>

Net Income                                      <u>$176,844</u>

Addition to Retained Earning = Net Income - Dividend Payment

Addition to Retained Earning = $176,844 - $81,093

Addition to Retained Earning = $95,751

8 0
2 years ago
Given the acquisition cost of product z is $30, the net realizable value for product z is $27, the normal profit for product z i
vitfil [10]
Lcm requires to value inventory at the lower of acquisition cost or net realizable value.

Net realizable value = $27 - $1 = $26
Cost = $30

Therefore, it would be valued at $26
5 0
2 years ago
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