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2 years ago

Marissa gives Larry a check made payable to cash in payment for a

Business

1 answer:

ddd [48]2 years ago

8 0

Answer:

The correct answer is the option 2: Gary is not a holder or holder in due course becuase the check was never indorsed.

Explanation:

To begin with, the field of law and more in particular the commercial law and all its scenarios, any check that has been passing through hands must be indorsed in order to be able to be payable to the person who has it the last, in any other case if the check is not indorsed then that means by law that the check has never changed its owner and therefore that it can not be payable for anybody else. That is why, Gary is not a holder because his uncle did not indorsed him the check correctly.

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When working with any client, the broker's job is to protect the broker's interest. protect the client's interest. get the best

dlinn [17]

Answer:true

Explanation:

To create an atmosphere of easy communication and profit earning

3 0

2 years ago

Ma Barker Company has a job-order costing system and uses a predetermined overhead rate based on direct labor-hours to apply man

seropon [69]

Answer:

The correct answer is option (A) $42.00

Explanation:

Solution

Given that:

The established rate is given as = 100,000/40,000

= $2.5 per hour

Thus

The cost of the job is shown is shown below:

The direct material = $5,000

The direct labor = $2400

Then

The manufacturing overheard is = 400 * 2.5 = $1,000

So,

The total cost is = $5,000 + $2400 + $1000 = $8,400

To get our unit cost,

Unit cost = $8400/200 = $42.00

It is important to know that, the number of labor hours used in jobs = Total labor cost/Rate per hour

=2,400/6 = 400 hours

8 0

2 years ago

XYZ Corporation, located in the United States, has an accounts payable obligation of ¥750 million payable in one year to a bank

antiseptic1488 [7]

Answer:

The maximum future dollar cost of meeting this obligation using the call option is $6,545,400

Explanation:

payable obligation = 750,000,000 YEN

premium payable on call option = 750,000,000*0.012

= $90,000

the interest rate is 6%

future value of call option premium = $90,000(1+0.06)

= $95,400

As the expected future spot price is 109 YEN per dollar which is higher than exercise price of $0.0086

Amount payable under call option = (750,000,000*$0.0086)+$95400

= $6,545,400

Therefore, The maximum future dollar cost of meeting this obligation using the call option is $6,545,400

6 0

2 years ago

Anastasia was trying to decide which investment plan would be best over 10 years. Bank A was offering 8.5% simple interest on he

mario62 [17]

Answer: Bank B is the better investment. In 10 years, her $2,000 will grow to $4,317.85, and with bank A, her $2,000 will grow to $3,700.

Explanation:

Bank A was offering 8.5% simple interest. $2000 with 8.5% simple interest. = A = P(1 + rt)

A = 2000(1+(0.085*10))

= 2000(1+0.85)

= 2000(1.85)

= 3,700

Bank B was offering 8% compounded annually

= A = P(1+r/n)^nt

A= 2000(1+8%/1)^1*10

A= 2000(1+0.08)^10

A= 2000(1.08)^10

A= 2000*2.1589

= 4,317.85

8 0

2 years ago

Read 2 more answers

Chip’s Woodworking manufactures and sells specialty wood plaques. The production manager reported that the company needs to prod

zheka24 [161]

Answer:

UNIT COST $32

Explanation:

the absorption costing system is the sum of expenses applicable to purchases and charges directly or indirectly incurred to produce a good or service.

This model considers both fixed and variable costs. Which translates into a higher unit cost.

in these case unit cost = 6+10+6+6+2+2 = 32

+Direct materials $6

+Direct labor $10

+Fixed manufacturing overhead $6,000 / 1000 units= $6

+Variable manufacturing overhead $6

+Fixed operating expenses (selling, general, and administrative) $2,000 / 1000 units=$2

Variable operating expenses (selling, general, and administrative $2

8 0

2 years ago