Incomplete question. Here's the remaining question;
A. It is a two-party instrument.
B. It necessitates that the seller has to be both the drawer and the payee.
C. It is always payable on demand.
D. It requires that the drawer is holding the drawee's money.
Answer:
C
Explanation:
Note that, to be always paid on demand implies that any time a request is made (demanded) to the bank will be fulfilled.
Therefore, an individual has a sense of security using checks to receive payments.
Answer:
B. Group By operator
Explanation:
Hope this helps and have a nice day :)
Six Steps In Developing Your Brand's Marketing Message
1. Understand your brand and communication strategy
2. Understand your resources
3. Identify goals
4. Identify specific tactics
5. Execute tactics
6. Measure & refine
The complete question should have been:
Promotion objectives should possess three important qualities. They should be designed for a well-defined target audience, measurable and cover a _________
Answer should be: Cover a specific period of time
Explanation: A promotion is a method businesses creates awareness for their products by giving buying incentives such as: price discounts and bonuses. Promotions normally run for a special period during which buyers can enjoy these buying incentives.
The complete question is:
When a magazine company collects cash for selling a subscription, it is an example of:
1. A deferred revenue transaction
2. An accrued receivable transaction
3. A prepaid expense transaction
4. An accrued liability transaction
Answer:
A deferred revenue transaction.
Explanation:
In this scenario the magazine company has collected cash for a subscription. Subscriptions are payments that are made to gain access to a certain service. Take for example if a subscription has to be paid to a company to access their website for information. The cash has been collected but service is to be provided in the future. When service is not yet provided and payment is collected it is referred to as deferred revenue.
This is because the service has not yet been performed so revenue is not yet earned. When service is provided then the revenue is recognised.
