1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MrRa [10]
3 years ago
15

To pay for investment advice from financial consultants Smith and Jones, Tony signs a check payable to "Smith or Jones." A prope

r indorsement of the check is: a.not possible. b."Smith" and "Jones" only. c."Smith" only, or "Jones" only, but not "Smith" and "Jones." d."Smith" only, or "Jones" only, or "Smith" and "Jones."
Business
1 answer:
DedPeter [7]3 years ago
6 0

Answer:

to Smith only, or Jones only, or Smith and Jones

Explanation:

In this specific scenario, a proper indorsement of the check would be to Smith only, or Jones only, or Smith and Jones. That is because a check needs to be as specific as possible and cannot have various options. The check needs to be made to a single specific individual and if it is for more than one individual then both need to be included as a requirement (and). Making it so that both recipients must cash the check together for it to be accepted.

You might be interested in
Interview a business owner on this crisis experienced in the workplace
patriot [66]

There are several crises experienced by employees during recent pandemic. So, in an interview with a business owner regarding the crisis experienced, one can ask about how can businesses deliver better outcomes in times of a crisis.

<h3>What is an interview?</h3>

An interview is a meeting or a formal consultation at which information is obtained (as by a reporter, television commentator, or pollster) from a person.

It is a conversation in which you and an employer exchange information. The main features of the interview are conducted in the form of conversation, which is shaped by certain guidelines and questions between the researcher and the respondent. It is used in surveys and participant observation methods.

Learn more about interview here,

brainly.com/question/15128068

#SPJ1

7 0
2 years ago
Use the following information to prepare a multistep income statement and a classified balance sheet for Eller Equipment Co. for
Kryger [21]

Answer:

                                 Eller Equipment Co.

                                  Income statement

Particular                                  Amount($)  Amount ($)

Sales revenue                                                940,000

Less: Cost of good sold                                 <u>(595,000)</u>

Gross margin                                                   345,000

<u>Operating expenses</u>

Salaries expenses                         122,000  

Operating expenses                     65,000  

Warranty expenses                        9,200

Un-collectible account expenses  45,000  

Depreciation expenses                 <u>3,000</u>

Total operating expenses                                <u>(244,200)</u>

Operating income                                              100,800

<u>Non-operating expenses</u>

Interest revenue                            6,200  

Interest expenses                        (36,000)

Gain on sale of equipment            19,000  

Total non-operating items                                   <u>(10,800)</u>

Net Income                                                          <u>$90,000</u>

<u />

                                   Balance Sheet

Assets                                          Amount$

<u>Current Assets</u>                                    

Cash                                                            41,000  

Accounts receivable                  108,000

Less: Allowance for doubtful    (19,000)  89,000

accounts

Merchandise inventory                             101,000  

Interest receivable                                     3600

Prepaid rent                                                38,000  

Supplies                                                      6,500  

Notes receivable                                        <u>32,500</u>

Total current assets                                                           311,600

Property Plant and Equipment    

Equipment                                    243,000  

Less: Accumulated depreciation <u>(66,000)</u>   177,000  

Land                                                                 <u>95,000</u>

Total property plant and equipment                                 <u>272,000</u>

Total Assets                                                                        <u>583,600</u>

Liabilities and Stockholder Equity

<u>Current liabilities</u>

Account payable                     55,000  

Unearned revenue                  47,000  

Warranties payable                  6,500  

Interest payable                        6,000  

Salaries payable                       <u>68,000 </u>

Total current liabilities                                                  182,500

<u>Long-term liabilities</u>  

Notes payable                     160,000

Total long-term liabilities                                               160,000

<u>Stockholders equity</u>

Common stock                            110,000  

Retained earning                         131,100

Total stockholders equity                                              <u>241,100</u>

Total liabilities and stockholders equity                    <u>$583,600</u>

<u>Workings</u>

Retained earning = Beginning retained earning + Net income - Dividend  

= 61,100 + 90,000 - 20,000

= 131,100

5 0
3 years ago
Jack is a self-employed contractor. He uses his Ford F250 in his business. He does not have another vehicle for personal use. He
miskamm [114]
C business mileage during the year to claim the standard mileage rate for the business
5 0
3 years ago
What describes a lease provision that gives the tenant the right to extend the lease for an additional period of time and sets f
photoshop1234 [79]

Answer:

that;s

Explanation:

a lotta of homework-

5 0
2 years ago
How does payroll withholding help a company's employees? (1-2 sentences. 2.0 points)
Rudiy27

Answer:

It helps them to get their money without attending to their work places

6 0
3 years ago
Other questions:
  • What satellite television channel focuses on the interests of rural america
    11·1 answer
  • Your Competitive Intelligence team is predicting that the Digby Company will invest in adding capacity to their Dug product this
    6·1 answer
  • Ace Corporation engaged Kosier, CPA, to perform a consulting engagement. While driving to Ace's office, Kosier was involved in a
    8·1 answer
  • Economic analysis assumes "rational or purposeful behavior," which means that people will pursue decisions or actions rev:
    9·1 answer
  • Which of the following statements is true of organizational behavior knowledge? 1 point A. It is relevant to everyone who works
    15·1 answer
  • Skolits Corp. issued 15-year bonds 2 years ago at a coupon rate of 7.3 percent. The bonds make semiannual payments. If these bon
    8·1 answer
  • The Tampa Bay Lightning is preparing an advertising campaign in which it will contrast its products with those of named competit
    14·1 answer
  • Boris works as a receptionist. He's happy with his salary, he gets along well with his coworkers and his boss, he feels no stres
    7·1 answer
  • Problem 6-3 Future Value and Multiple Cash Flows [LO1] Fuente, Inc., has identified an investment project with the following cas
    12·1 answer
  • Moon Lee received her bank statement on September 8, showing a balance of $2,009.32. The balance shown in her checkbook was $2,4
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!