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3 years ago

A negotiable instrument can function as a substitute for cash.

Business

1 answer:

andreyandreev [35.5K]3 years ago

5 0

1.A negotiable instrument can function as a substitute for cash.- TRUE

2. a time draft is payable at a definite future time. TRUE

3. promissory note payable to "bearer" is not negotiable. - FALSE (It is negotiable)

4. A certificate of deposit is a type of note. - TRUE

5. A signature can consist of a word, mark, or symbol. - TRUE

6.An instrument that promises to pay "in gold" can be negotiable.- FALSE ( Anything payable in the form of a commodity like gold cannot be negotiable)

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Sammie is planning a persuasive request. What advice should she follow for the opening of her request? a. Capture the reader's a

Andrei [34K]

Answer:

a. Capture the reader's attention and interest.

Explanation:

To be able to make a request to someone persuasively, , it is very pertinent to lead the person to a point where such person can listen to you. This can only work in a context where you are very efficient in using story telling and other means of interaction that are capable of winning the persona interest and loyalty. Otherwise, you cannot have the person respond to your request.

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3 years ago

All transactions ______. (Select all that apply.) Multiple select question. have at least two effects on the accounting equation

lys-0071 [83]

All transactions b. affect assets, liabilities, and/or stockholders' equity, and d. must affect both assets and stockholders' equity.

<h3>What is the accounting equation?</h3>

The accounting equation shows that assets are equal to liabilities and equity.

The implication of the accounting equation is that every transaction has at least two effects on the elements of financial statements, given their linkages.

Thus, the correct options are Options B. and D.

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2 years ago

Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one can of soda, one bag of ch

IgorC [24]

Answer:

price level fall and value of money is rises

Explanation:

given data

one year basket costs = $10.00

two year two basket costs = $9.00

one year buy baskets = $50

year two,buy baskets = $50

to find out

as the price level falls, the value of money will be

solution

we see that when we compare to 1 year price go down from $10 to $ 9

so deflation at annual rate is $\frac{10-9}{10}$ = 10%

so here

sum of $50 will be buy here = $\frac{50}{10}$ = $5 in one year

and $ 50 buy in 2 year is = $\frac{50}{9}$ = $5.56 in two year

so this is show here that price level fall and value of money is rises

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3 years ago

Hex Industries reports the following information for May: Sales $ 990,000 Fixed cost of goods sold 118,000 Variable cost of good

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The gross profit of Hex Industries for May under absorption costing is $604,000.

<h3>What is absorption costing?</h3>

Under absorption costing, the total or full costs of manufacturing or (variable and fixed) cost of goods sold are included when determining the gross profit.

<h3>Data and Calculations:</h3>

Sales $ 990,000

Variable cost of goods sold 268,000

Fixed cost of goods sold 118,000

Total cost of goods sold = $386,000

Gross profit = $604,000 ($990,000 - $386,000)

Fixed selling and administrative costs 118,000

Variable selling and administrative costs 143,000

Total period costs = $261,000 ($118,000 + $143,000)

Net income = $343,000 ($604,000 - $261,000)

Thus, the gross profit of Hex Industries for May under the absorption costing method is $604,000.

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2 years ago

The determination of whether one is an independent contractor may include the following considerations except: a. How the person

Tamiku [17]

Answer:

d. The determination of the principal.

Explanation:

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He is hired to do a specific work and based on his contract, paid after, before or during the work.

The determination of the principal in no way affects his work as he isn't bound to the company as an employee and is a free agent. He is a professional who is not slack in his work and works efficiently to earn his pay

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3 years ago

Read 2 more answers