Answer:
NO It will pay the remaining 10 dollars later.
Explanation:
There are four requirement according to the Uniform Commercial Code:
- You and the creditor disagree about the claim amount or haven't finalized it.
- The paid in "full statement" is easy to see.
- You pay the amount in good faith.
- The creditor cashes the check.
In this case the first and third criteria are not met. The amount is certain, easy to identify the cost of the service and both parties are informed of these amount.
Also, is important to notice Sami is not acting in good faith at all. Is doing this to exploit his knowledge over the waiter.
The fact the restaurant cashes the check do not avoid further claims on Sami the UCC (Uniform Commerical Code) gives about 90 days after cashing the check in favor of the creditor to change his mind and proceed with the collection of the full amount.
Most probably Sami will have to pay the ten dollars later or to find another restaurant.
Answer:
In times of economic downturns to stimulate growth
Explanation:
Open market operations are one of the monetary policies used by the Fed to regulate the money supply in the economy. They involve buying and selling treasury bills to the banks and other financial institutions. Open marker buys, and lowering of interests are expansionary policies used to stimulate economic growth.
By buying treasury bills, the Fed adds money to the banks. Banks exchange treasury bills for liquid cash. As a result, banks end up with excess money in their custody. To make profits, the bank lends out this money to firms and individuals at competitive rates. The availability of easy and low-interest credit encourages borrowing for investments and consumption. Increased economic activities accelerated economic growth. Lowering of discount rates makes loans cheaper, thereby encouraging borrowing.
Answer:
The correct answer is letter "C": Management Companies.
Explanation:
Management Companies are third parties in charge of handling businesses' activities and funds expecting a fee in return that is usually a proportion of the funds being managed or a percentage of the income generated. Management Companies pool a wide variety of professionals such as managers, accountants, and economists among others.
Answer:
$23 per unit
Explanation:
Given that,
Selling price = $35
sales = $35,000,
variable manufacturing costs = $8,000,
Fixed manufacturing costs = $2,000,
Variable selling and administrative costs = $4,000
Fixed selling and administrative costs = $2,000
Number of units sold:
= Sales ÷ Selling price
= $35,000 ÷ $35
= 1,000
Contribution margin:
= Sales - Variable manufacturing costs - Variable selling and administrative costs
= $35,000 - $8,000 - $4,000
= $23,000
Contribution margin per unit:
= Contribution margin ÷ Number of units
= $23,000 ÷ 1,000
= $23 per unit
