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Nina [5.8K]
3 years ago
10

Jake is the maker of a $2,000 promissory note payable to Kim. Kim indorses the note to Lou who, in turn, indorses it to Mona, wh

o then indorses it to Nat, the present holder. Suppose that Mona pays Nat on the note. With timely notice to the proper parties, Mona may collect payment on the note from:
Business
1 answer:
STatiana [176]3 years ago
7 0

Answer:

a. Jake, Kim, or Lou.

Explanation:

A promissory note is a note that should be signed with written promise in terms of paying some specific amount to the note owner on a specifiic date or on demand.

Since in the question it is mentioned that Jake who is a maker and pay to Kim and then it would endorse to Lou

So here the Mona should collect the payment from the above three parties

hence, the correct option is A.

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a. After the magazine The Economist publishes an article indicating that analysts expect the value of Tunisian dinars to rise re
german

Answer: Depreciate

Explanation:

The Economist is a widely respected financial and economic magazine which means that their articles can cause movements in the market especially when backed up by analysts.

The Economist believes that the Tunisian Dinar will rise relative to the Peruvian Sol, this means that the Peruvian Sol will depreciate against the Tunisian Diner. Some people and entities holding Peruvian Sol assets will try to offload it so that they do not suffer losses.

This increase in supply and reduction in demand for the Peruvian Sol will lead to it depreciating.

3 0
3 years ago
Your friend sells specialty coffee on her website, and she tells you she would not have succeeded without her strong relationshi
amm1812

A sociologist might say that this is an example of how economic action is <u>embedded in</u> social relationships.

<u>Explanation:</u>

3 0
3 years ago
In year 1 the CPI is 174, and in year 2 the CPI is 190. If Sarah's salary was $49,800 in year 1, what salary in year 2 would cau
xeze [42]

Answer:

Salary in year 2 = $54,379.31

Explanation:

<em>The Consumer price index is the weighted average of the cost of basket of good of goods and services consumed by a typical consumer in an economy. It is used to measure the rate of inflation rate.</em>

A rise in the price index implies inflation

Inflation is the increase in the general price level. Inflation erodes the value of money.  

So we can determine the salary in the  year  2 as follows:  

2006 Salary in the base year terms=

CPI in the current year 2/CPI base year 1 × salary in the current year

190/174× 49,800 = 54,379.31

Salary in year 2 = $54,379.31

4 0
3 years ago
In information security, a framework or security model customized to an organization, including implementation details is known
Bas_tet [7]

<span>The answer is false. The answer must be an information security blueprint. This is the basis for the design, selection, and implementation of all security program elements. The blueprint specifies tasks and the order in which they are to be accomplished, just like an architect’s blueprint serves as the design template for a construction of a building. </span>

4 0
3 years ago
Madison Company's perpetual inventory records indicate that $875,300 of merchandise should be on hand on October 31. The physica
marta [7]

Answer:

Dr Cost of Goods Sold    $93,400

Cr Inventory                         $93,400

Explanation:

The closing inventory in perpetual inventory is $875,300 which is recorded in excess of its inventory in hand $781,900 which means that additional $93,400 must be adjusted in Cost of Goods Sold.

The journal entry on October 31, 2020, is given as under:

Dr Cost of Goods Sold    $93,400

Cr Inventory                         $93,400

3 0
3 years ago
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