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)
Answer:
$3420057
Explanation:
the company uses cumulative voting, the board of directors are all elected at once. You will need 1/(N+ 1) percent of the stock (plus one share) to guarantee election, where N is the number of seats up for election. So, the percentage of the company’s stock you need will be:Percent of stock needed = 1 / (N+ 1)Percent of stock needed =
1 / (3 + 1)Percent of stock needed = .25 or 25%So, the number of shares you need to purchase is:Number of shares to purchase = (240,000 × .25) + 1Number of shares to purchase = 60,001 And the total cost to you will be the shares needed times the price per share, or: Total cost = 60,001 $57Total cost =$ 3420057
Answer: Honesty , relationship building skill and social media savvy
Explanation: other important competence requirements include; knowledge and research, multi tasking,attention to details, adaptation to change, strategic thinking, writing well, presentation skill and international mind set.
This above mention skills and requirements are important in considering a candidate for a public relationship and social media officer for Pizza Hut working under Chris Fuller.
Answer:
Common Stock $10,000 and Paid-in Capital in Excess of Par Value $2,000
Explanation:
The journal entry to record the issuance of common stock is presented below:
Cash A/c Dr $12,000 (1,000 shares × $12)
To Common Stock $10,000 ($1,000-× $10)
To Additional Paid-in Capital in excess of par - Common Stock $2,000
(Being the issuance of stock is reported and the remaining balance i.e $2,000 is credited to the additional paid-in capital account)
While issuing the stock, we debited the cash account as there is a cash inflow and credited the common stock and additional paid-in capital account as the share is issued which affect the stockholder equity
Answer:
c. the exchange of goods and services for goods and services without the use of money
Explanation:
Barter the exchange of goods and services for goods and services without the use of a medium of exchange such as money.
In a barter, money doesn't change hands.
An example of a barter- I want a pair of shoes worth $30. I see someone that has the shoes but wants textbooks worth $30. I have these textbooks. I give him the textbooks and he gives me the shoes.
I hope my answer helps you
