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BlackZzzverrR [31]
3 years ago
13

Marissa gives Larry a check in payment for a computer that she is buying from him. She writes the check to Cash. Larry then give

s the check to Gary Graduate his nephew, without indorsing it, as a graduation gift. Marissa then stops payment on the check because she claims that Larry breached the contract. When the check bounces, Gary makes a claim against Marissa for the amount of the check. Marissa responds that Gary cannot collect on the check since Larry breached the contract. What type of defense is this
Business
1 answer:
Lena [83]3 years ago
8 0

Answer: personal

Explanation:

Based on the information given with regards to the question, this is a personal defense. A personal defense occurs when there's a breach of contract whereby there was issuing of the negotiable instrument.

In this case, Marissa writes the check to Cash but Larry then gives the check to Gary Graduate his nephew, without indorsing it, as a graduation gift

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What are some different demographic segmentations Amazon can identify to understand customer behavior?​
Anna007 [38]

Answer:

According to Amazon, the demographics report “shows Brand Owners the breakdown of their Amazon customers (in aggregate) by age, household income, education, gender, and marital status.

hope this helps <3

8 0
3 years ago
a. At the end of January, the company estimates that the remaining units of inventory are expected to sell in February for only
weqwewe [10]

Answer:

Trial Balance :    Debit 15558  = 15558 Credit

Explanation:

b.) Noncollectable amount = $5300 * 35% = 1855

 Entry: Dr bad debts expense  1855

                  Cr Allowance for bad debts     1855

        (To record bad debts expense).

5300-1855= 3445 * 3% = $103 will not be collected.

Entry:          Dr  Bad debts expense  103

                            Cr  Allowance for bad debts   103

        ( To record bad debts expense)      

d.) Entry:

           Dr Income tax expense 13600

                    Cr Income tax payable   13600

    (To record accrued income tax expense).

Ledgers  :

Bad debt expense = 1855+103 = 1958

Allowance for bad debts = 1855+103 = 1958

Income tax expense = 13600

income tax payable = 13600.

Trial balance:

                               

_Dr__________________________________________________Cr____

        Bad debt expense     1958     -----     1958 Allowance for bad debts

         Income tax expense 13600   -----  13600  Allowance for bad debts

Total =  15558                                              -------      Total = 15558

5 0
3 years ago
Peppy is confident that Pepe's Pizzazzeria will be a success, but only if he has enough money to do things right. Since Pepe has
jekas [21]

Answer:

The correct answer is letter "B": develop a business plan.

Explanation:

Entrepreneurs who lack funds to start their ventures should develop a business plan so it can be presented to prospective investors who will decide if the venture is of their interest or not. The business plan should include the mission and vision of the business as well as a <em>SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis</em> explaining how the business will mitigate its risks and maximize its benefits.

The business plan should be innovative in Peppy's case since pizzerias are very common, thus, Pepe's Pizzazzeria must have a clear competitive advantage to face competitors.

8 0
3 years ago
A customer has a fully paid options position and is long marginable stock. Subsequently he receives a margin call on his long st
Feliz [49]

Answer: II and III

Explanation:

From the question, we are informed that a customer has a fully paid options position and is long marginable stock and that subsequently he receives a margin call on his long stock position.

The statements that are true are that the customer cannot borrow against the long options contracts to satisfy the margin call and the long option contracts have a loan value of 0%.

Therefore, option C is the right answer.

8 0
3 years ago
Check My Work Dressed to a Tee received a promissory note of $8,000 for 10 months at 6% simple interest from one of its customer
nikklg [1K]

Answer:

$8,120

Explanation:

<em>To calculate the proceeds, the gross proceed  less the discount charged by the bank. The gross proceed is the total amount that would have been received should the note is held to maturity.</em>

Gross proceed= P + (P×R×T)

P- 8,000 R- 6%, T- 10/12

Gross proceed = (8,000 + 8,000× 6%× 10/12)

                         = $8,400

Discount charges = Gross proceed × discount rate × time to maturity

Time to maturity = 10 - 5 = 5 months

Discount rate - 8%, Time- 5/12

Discount charges =  8400× 5/12× 8% = $280

Proceeds to be received = $8,400 - $280

                 = $8,120

5 0
3 years ago
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