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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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patriot [66]

Answer: $550

Explanation:

Taxable income could simply be explained as the total income made or received.

Cash received by Perle = $200

Worth of Bookcase received by Perle as part of the settlement amount = $350

Therefore, Total amount received by Perle = $350 +$200 = $550

Total income received by Perle for dental service rendered = $550

The total amount to be included in taxable income is $550.

$600 was the charged amount, but only $550 was received for the service rendered.

4 0
3 years ago
You are considering purchasing a put option on a stock with a current price of $33. The exercise price is $35, and the price of
solniwko [45]

Answer: $3.91

Explanation:

The following information can be gotten from the question:

S = Current stock price = $33

C = Call Price = $2.25

K = Exercise Price = $35

e = 2.71

Rf = Risk free rate = 4% = 0.04

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Put Price will now be calculated as:

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3 0
3 years ago
Consider the following scenario:
Nimfa-mama [501]

Answer:

The price would definitely increase

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Note: the demand for inferior good reduces because of increase in consumers income, so this has nothing to do with the price.

On an economic sense, increase in cost of production, will definitely lead to an increase in the price of the goods produced.

8 0
4 years ago
The graph shows a production possibilities curve for a company. Which area
egoroff_w [7]

Answer:it’s d

Explanation:

3 0
4 years ago
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What do you mean by teaching profession​
leva [86]

Answer:

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Explanation:

hope it helps you!!!

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3 years ago
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