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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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Answer:

the depreciation expense recorded is $680

Explanation:

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= $4,080

Now the 2 months depreciation is i.e. from November to December

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Hence, the depreciation expense recorded is $680

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3 years ago
What is a credit limit
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6 0
3 years ago
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uysha [10]

Answer:

Explanation:

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Paid in Capital:  

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[58,900,000]

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Total Paid in Capital & Retained Earnings  $122,580,000

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Total Stockholder's Equity  $117,380,000

7 0
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Blizzard [7]

Answer:

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5 0
3 years ago
A(n) _____ strategy identifies the set of businesses, markets, or industries in which the organization competes and the distribu
Ksju [112]
I think the correct answer from the choices listed above is the last option. A corporate strategy identifies the set of businesses, markets, or industries in which the organization competes and the distribution of resources amongthose businesses. Hope this answers the question.
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