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

Carla Vista Co. bought a machine on January 1, 2017. The machine cost $180000 and had an expected salvage value of $27000. The l

igomit [66]

Shhsuhajwjwisjsbushs bshahahbahahhshwjwjehebbeueiebehehhshsushshsheheheheheheheh

7 0

2 years ago

___competition is a competitive advantage based on factors other than price.

Degger [83]

The blank should have “nonprice competition” the answer is C.

5 0

3 years ago

It has been estimated that there are 107 billion pieces of mail per year. if the postage rates are raised 3¢, how much extra rev

Virty [35]

6783$ a month I think that's the answer I hope

7 0

3 years ago

On January 2, 2018, Baltimore Company purchased 14,000 shares of the stock of Towson Company at $13 per share. Baltimore obtaine

Norma-Jean [14]

Answer:

$315,600

Explanation:

Ownership = 40%

Investment = $182,000

Share of dividends = 40%*21,000 =8400

Share of income = 40%*75000 = 30000

Increase in share price = $21-$13= $8

investment

Dr Cr

Investment $182,000

Dividend received $8400

Income received $30,000

Increase in share price $112,000

324,000 315,600

5 0

2 years ago

Flitter reported net income of $25,500 for the past year. at the beginning of the year the company had $216,000 in assets and $6

Brut [27]

Answer:

There are two ways in which Return on Assets can be calculated depending on whether we consider Total assets at year-end or average total assets.

$Return on Assets = \frac{Net Income}{Total Assets at year end}$ 1

$Return on Assets = \frac{Net Income}{Average Assets}$ 2

Substituting the values in equation 1 we get,

$Return on Assets = \frac{25500}{316000}$

$Return on Assets = 0.080696203 or 8.07%$

Substituting values in equation 2 we get,

$Return on Assets = \frac{Net Income}{Average Assets}$

$Return on Assets = \frac{Net Income}{\frac{Assets at beginning + Assets at year end}{2}}$

$Return on Assets = \frac{25500}{\frac{216000 + 316000}{2}}$

$Return on Assets = \frac{25500}{266000}$

$Return on Assets = 0.095864662 or 9.58%$

5 0

3 years ago