All categories

2 years ago

B) What are the characteristics of bearer cheque

Business

1 answer:

BlackZzzverrR [31]2 years ago

8 0

Answer:

1) A cheque should be in writing and properly signed by the drawer.

2) A cheque contains an unconditional order.

3) A cheque issued on a specified banker only.

4) The amount specified is always certain and should be clearly mentioned both in figures and words.

5) The payee of a cheque is always certain

You might be interested in

Research shows that most managers have characteristics that fall into two or three decision-making styles, and that decision-mak

Alex787 [66]

Answer:

False

Explanation:

There are 3 main decision making styles that most of us have regarding our normal day to day activities that includes our work and our personal lives, e.g. families and individual decisions. They are consumer, business, and personal decision making styles.

But managers, and specially true leaders have it a little more complicated. The four main decision making styles that apply to leaders are:

directive: type of autocratic leadership where the leader decides everything by himself/herself
conceptual: look for different alternatives and analyze each one of them
consultative: seek advice from colleagues and subordinates, but the leader makes the decision
consensus: seek advice from others and decisions are made by the group

The second part of the question is true; this leadership styles vary across countries, occupations and job levels.

3 0

3 years ago

2. Explain the strengths of a sole proprietorship and wn

adoni [48]

Explanation:

strengths:

1. He or she enjoys all the profit

2. easy to start up

3. decision making is quick

4.he or she can vary the hours of work

weakness:

1.there is lack of finance

2. lack of specialised staff

3.the owner bears all the risk

4.there is unlimited liability

who might start a sole proprietor business

1. a person that wants to be their own boss.

2.extra income.

3.the entrepreneur might think he will make more money working for his self than others.

6 0

3 years ago

You want to start an organic garlic farm. The farm costs $230,000, to be paid in full immediately. Year 1 cash inflow will be $2

Nostrana [21]

Answer:

13.8%

Explanation:

IRR is the discount rate that equates the after tax cash flows from an investment to the amount invested.

IRR can be calculated using a financial calculator:

Cash flow in year 0 = $-230,000

Cash flow in year 1 = $25,000

Cash flow in year 2 = $25,000 x 1.05 = $26,250

Cash flow in year 3 = $26,250 × 1.05 = $27,562.50

Cash flow in year 4 = $27,562.50 × 1.05 = $28,940.63

Cash flow in year 5 = $28,940.63 × 1.05 = $30,387.66 + $260,000 = $290,387.66

Irr = 13.84%

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

I hope my answer helps you

5 0

3 years ago

What distinguishes open-ended credit from closed-ended credit?

KiRa [710]

Open-ended credit is credit that can be used repeatedly.

Example: A credit card

Close-ended credit is credit that has to be paid in full by a certain date

Example: A house loan (mortgage)

6 0

3 years ago

Read 2 more answers

What colur is my hair

sdas [7]

Strawberry blonde, dirty blonde, brown/light brown

6 0

3 years ago