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arlik [135]
3 years ago
8

Sid Slick represents himself as Richard Rich to Ortie Ozarka. Ortie, believing that Sid was really Richard, gave Sid a check pay

able to Richard's order. Sid endorses the instrument "pay to Art Arbuckle" and gave it to Art. Art gives it to Harry. Is Harry a proper holder of the instrument?
Business
1 answer:
Ganezh [65]3 years ago
5 0

Answer:

Harry is a proper holder of the instrument

Explanation:

Impostor rule is the legal principle which states that an imposter endorsement of a negotiable instrument is not a forgery. The loss falls on the drawer of cheque and not on the third party or the bank that clears it. Art and Harry acted in good faith for the consideration.  Hence, Harry is a proper holder of the instrument as any person in its possession is its holder.

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According to the value in diversity problem-solving approach A. surface-level diversity is less likely to lead to team cohesion
marshall27 [118]

Answer:

The correct answer is option E (diversity in teams is beneficial because it provides for a larger pool of knowledge from which a team can draw as it carries out its work).

Explanation:

Diversity in an organization/team is broad in its definition as it describes a group of individuals who are from different backgrounds, races, ages, education working for a common goal.

When we talk about surface-level diversity, then we are pointing at those visible differences such as sex, age. While Deep-level diversity is those characters that are not visible such as beliefs, likes, dislikes, temperament.

Diversity in teams is beneficial because team members would have diverse backgrounds, experiences, problem-solving capacities, exposures, bringing diverse solutions to the team which leads to good team performance, and a quick, better solution to problems.

3 0
3 years ago
For a levered firm, flotation costs should
KengaRu [80]

Answer:

The answer is option B. For a levered firm, flotation costs should <u>be spread over the life of a project, thereby reducing the cash flows for each year of the project.</u>

Explanation:

When a company’s securities are listed on a public exchange, there is a general saying that securities are floated on the exchange. That is how the name flotation costs came about.

Flotation is actually the costs  incurred by a company in issuing its securities to public.  it is also called issuance costs.

Examples of Flotation costs include charges paid to the investment bankers, lawyers, accountants, registration fees of the securities regulator and the exchange on which the issue is to be listed.

Flotation cost would vary based on several factors, such as company’s size, issue size, issue type (debt vs equity),

In summary, Flotation costs are the cost a company incurs to issue new stock making new equity cost more than existing ones.

Business analysts argue that flotation costs are a one-time expense that should be adjusted out of future cash flows in order to not overstate the cost of capital forever.

It is based on this premise that i chose option B, which states that flotation costs be spread over the life of a project thereby reducing the cash flows for each year of the project at levered firms.

5 0
3 years ago
The predetermined manufacturing overhead rate for 2020 was $4.00 per direct labor hour; employees were paid $5.00 per hour.
erik [133]
Read the excerpt from Queen Elizabeth's Address to the Troops at Tilbury.

I know I have the body but of a weak and feeble woman; but I have the heart and stomach of a king, and of a king of England too, and think foul scorn that Parma or Spain, or any prince of Europe, should dare to invade the borders of my realm; to which, rather than any dishonour shall grow by me, I myself will take up arms, I myself will be your general, judge, and rewarder of every one of your virtues in the field.

In this excerpt, Queen Elizabeth is attempting to persuade troops that she

dislikes most European countries.
has the qualities of a capable leader.
is physically able to fight as a soldier.
will make a fair and virtuous judge.
5 0
3 years ago
On September 3, 20X8, Jackson Corporation purchases goods for a U.S. dollar equivalent of $17,000 from a Swiss company. The tran
AfilCa [17]

Answer:

Foreign currency transaction loss : $1000

Account payable : $1000

Explanation:

4 0
3 years ago
During the year, a company recorded prepayments of expenses in asset accounts, and cash receipts of unearned revenues in liabili
bonufazy [111]

Answer:

(1) accrue salaries expense

Debit [e.] Salaries Expense

Credit [g.] Salaries Payable  

--------------------

(2) adjust the Unearned Services Revenue account to recognize earned revenue

Debit [a.] Unearned Services Revenue  

Credit [f.] Services Revenue  

--------------------

(3) record services revenue for which cash will be received the following period.  

Debit [b.] Accounts Receivable

credit [f.] Services Revenue

3 0
3 years ago
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