In this situation, when Helen Harrison creates an instrument
containing the words “pay jose sanchez” and her signature on it, she is
creating an endorsement. An endorsement <span>is defined to mean
"a signature (other than that of a maker, drawer or acceptor) that alone
or accompanied by other words, is made on an instrument for purpose of (i)
negotiating the instrument, (ii) restricting payment of the instrument, or
(iii) incurring endorser's liability on the instrument. This type of
endorsement is a Special endorsement in which it contains the signature of the
endorser along with words indicating to whom, or to whose order, the instrument
is payable.</span>
The type of organisation structure that is best suited for Kumal company is MATRIX STRUCTURE. This structure is normally used by companies that engage in production of products that have specified duration. Employees are often put on different teams to maximize creativity and flow of ideas. The structure is common to technological and engineering companies.
Answer:
The correct option will be a. Late Payment Fee
Explanation:
A late payment fee also know as late charge is a charged to a borrower who misses paying at the stipulated payment date based on the agreement. For you to avoid paying that fees, ensure that you pay at least the minimum amount by the due date. So among all fees stated, all are charges made by the bank, but the late charge fee is not included until u failed to make payment on time, while others are fixed charges put in place by the banks.
Answer:
Receivable days are 52 days.
Explanation:
Receivable days can be found from the following formula:
Receivables days = Receivables / Credit Sales * 365
The credit sales here is $6,650,000 during the year and the average receivables days is $950,000 [(950,000 + 980,000)/2] during the year. By putting the values we have:
Receivables days = $950,000 / $6,650,000 * 365 = 52 days
So the average receivable collection days were 52 days during the year.
