Answer:
Accommodation maker are the one who sign the agreement without receiving any compentation or other benefits. They guarantees the debt of other person. He can be maker, endorser, or acceptor.
The main difference between an accommodation maker and an accommodation indorser:
Accomodation maker are the one who identitfy himself in the note as the one who is udertaking to pay due. They sign on the right hand side corner of an instrument.
Accomodation endorser are the one who endorse to pay the credit liablity of other person. They sign on the back of an instrument.
The answer is 5 hope I helped u
Answer:
Dr Merchandise inventory 50,000
Dr Machinery 155,000
Dr Notes receivable 100,000
Cr Common stock 62,000
Cr Additional paid in capital in excess of par value 243,000
Explanation:
All outstanding stocks must be recorded at par value: 3,100 shares x $20 = $62,000. Any mount paid for the stocks in excess of par value must be recorded in the additional paid in capital in excess of par value account : $305,000 - $62,000 = $243,000
Answer:
Part A) D. $137,500
Part B) C. $140,250
Explanation:
Part A) The computation of annual salary payment is shown below:-
Annual salary = Donation made × Interest rate
= $2,500,000 × 5.5%
= $137,500
So, for computing the annual salary we simply multiply the donation made with interest rate.
Part B) The computation of starting salary is shown below:-
Starting salary = Annual salary + Increased annual salary
= $137,500 + 2%
= $140,250
Therefore for computing the starting salary we simply added the annual salary with increased annual salary.
It can be related to unqualified management.
