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belka [17]
2 years ago
6

Nero signs a check "pay to the order of Olive" drawn on Nero's account in Plum Bank- Olive signs the back of the check. Secondar

y liability on this check extends to a. Nero and Olive only. b. Nero and Plum Bank only. c. Nero only. d. Plum Bank only.
Business
1 answer:
9966 [12]2 years ago
6 0

Answer:

A. Nero and Olive only

Explanation:

The primary liability is on Olive, and secondary liability is on both Nero and Olive. Secondary liability is a legal obligation that a party accepts on behalf of another party. In this case, Nero and Olive are liable for each other.

The bank is not liable for any action related to the check except for those directly related to the bank's operation.

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Return to Problem Navigation Morgan Company uses the perpetual inventory system and the gross method of recording sales discount
Ghella [55]

Amount to be recorded for accounts receivable would be $15000.

<u>Explanation:</u>

Accounts receivable are lawfully enforceable cases for installment held by a business for products provided as well as administrations rendered that clients/customers have requested yet not paid for. These are for the most part as solicitations raised by a business and conveyed to the client for installment inside a concurred time span.

Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by  the customers till now. So they will go in the accounts to still be receivable.

6 0
2 years ago
In the spring of 2015, the Brille Corporation was involved in issuing new common stock at a market price of $35. Dividends last
Alecsey [184]

Answer:

Ke 0.09787234 = 9.787234%

Explanation:

$Cost of Equity =\frac{D_1}{P(1-f)} +g

D1 $1.575  (we need to calculate this year dividends so we multiply previous                  year by the growth rate) 1.50 * ( 1+ 0.05) = 1.575

P $35

f 0.06

g 0.05

$Cost of Equity =\frac{1.575}{35(1-0.06)} +0.05

Ke 0.09787234

7 0
2 years ago
A good measure of average should be:
ella [17]

Answer:b

Explanation:

8 0
2 years ago
Alima has invested $50,000 in an S&amp;P 500 index ETF that charges a total expense ratio of 8 basis points per year. How much w
katrin [286]

Answer:

Alima will pay 40 dollars in management of her fund.

Explanation:

A basis point is equivalent of 1/100th of 1%  

an expense ratio of 8 baiss point will be equivalent to 0.08%

0.08/100 = 0.0008

The managenement will get this as expense ratio while invesotr will see their investment yield decreases for this amount.

On a yearly basis Alima will pay $50,000 x 0.0008 = 40 dollars

7 0
2 years ago
When exchange rates change:
MA_775_DIABLO [31]

Answer:

The correct answer is option B.

Explanation:

The changes in the exchange rate will affect those domestic firms that sell their products in the foreign market or those domestic firms that produce and sell domestically but has foreign companies as competitors.  

If the exchange rate falls, the price of domestic firms will decline as compared to imports. This will create more demand for domestic goods.  

If the exchange rate increases domestic goods will become costlier and imports will become cheaper. This will increase the demand for imports.

3 0
2 years ago
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