Answer:
The explanation is given below:
Explanation:
According to this situation it can be defined as
Pursuant to U.C.C. § 3-203, transfer of instrument is when an instrument is delivered by a person other than an issuer for the purpose of giving to a receiver the right to enforce the instrument. The transfer vests in a transferee the transferor's right to enforce the instrument. The rights include the right as a holder in due course. However, the transferee cannot acquire rights of a holder in due course by a transfer, directly or indirectly, from a holder in due course if the transferee engaged in fraud or illegality affecting the instrument. When an instrument is transferred for value , a transferee does not become a holder because of lack of indorsement. Moreover, when a transferor purports to transfer less than the entire instrument, the negotiation of the instrument does not occur.
The best response of Fannie mae’s to this argument is because Becky Smith signed a note and she cannot own that property as the note was in country home loans name and he defaulted payment under that law.
Answer:
B. A type of shirt that sold for $10 in 2000 costs $15 in 2020
Explanation:
Inflation is a measure of the rate of rising prices of goods and services in an economy.
Answer:
Allocated MOH= $100,800
Explanation:
<u>First, we need to calculate the predetermined allocation rate for ordering and receiving:</u>
<u></u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Ordering and receiving= 504,000 / (700 + 1,080 + 1,720)
Ordering and receiving= $144 per order
<u>Now, we allocate to product AKM:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 144*700
Allocated MOH= $100,800
Answer:
Vaughn should produce Plain as it makes greater profit.
Explanation:
Vaughn Manufacturing can sell all the units it can produce of either Plain or Fancy but not both.
Plain has a unit contribution margin of $86 and takes two machine hours to make and Fancy has a unit contribution margin of $111 and takes three machine hours to make.
There are 2400 machine hours available to manufacture a product.
Profit per machine hour for Plain
= 
= $43
Profit per machine hour for Fancy
= 
= $37
The difference in profit
= $43 - $37
= $6
Plain makes $6 more profit per machine hour than Fancy.