A person is a(n) ________ if she is in possession of an instrument that is payable to bearer or that is made payable to an identified person and she is that identified person.
A. drawer
B. issuer
C. payor bank drawee
D. holder
Answer: D
You might also like to view...
When using the ____________________ method, the current year's uncollectible accounts are estimated based on the relationship between the amount of accounts receivable and the amount of uncollectible accounts in prior years
Fill in the blank(s) with correct word
Which of the following is an advantage of a limited liability company compared to a corporation?
A) Unlike a corporation, the members of a limited liability company are personally liable for the business's debts. B) Unlike a corporation, the members of a limited liability company need not file articles of organization with the state. C) Unlike a corporation, the members of a limited liability company cannot participate actively in management of the business. D) Unlike a corporation, the members of a limited liability company are taxed at the individual level only.
Lunchco Inc produces picnic tables in a two-step process. Pretreated wood is cut in the Cutting Department and then the lumber is assembled into tables in the Assembly Department. It takes 30 minutes of direct labor time to cut the lumber and the standard hourly labor rate in the Cutting Department is $12 . The tables take one hour to assemble and the standard hourly rate in the Assembly
Department is $10 . If Lunchco's production budget is 20,000 . what is the company's direct labor budget? a. $340,000 b. $320,000 c. $270,000 d. $260,000
When institutions are the unit of measurement, the data may be obtained from retailers, wholesalers, or households
Indicate whether the statement is true or false