Erin draws a check payable to "Foodland" to buy groceries. Refer to Fact Pattern 23-1. With respect to Erin's check, Foodland is
A) thedrawee
B) thedrawer.
C) themaker.
D) the payee.
D
You might also like to view...
As a firm progresses through the growth life-cycle stage, what type of flexible account will it be more likely to use to balance the balance sheet?
a. issued debt. b. paying down of debt. c. dividends d. stock buy-backs.
The voluntary transfer of title to property without payment of consideration by the donee is known as a(n) ________
A) adverse possession B) future interest C) gift D) purchase
Answer the following statement(s) true (T) or false (F)
1. Groups with fewer than three people tend not to derive the benefits of a collaborative team, and teams with more than seven people tend to have communication and control issues. 2. The effectiveness of work teams depends on how well they are managed and treated within the organization. If mismanaged, they can cause more harm than good. 3. A cross-functional team consists of a small group of workers who come together for a set amount of time to discuss and resolve specific issues. 4. The authors of this textbook, Chris Neck, Jeff Houghton, and Emma Murray, were used as an example of a virtual team. 5. One classic way of understanding teams and their effectiveness is to consider teams in terms of the contextual influences that affect their functioning, their composition, the processes they use, and the outcomes they achieve.
A company paid $37,800 to acquire 8% bonds with a $40,000 maturity value. The company intends to hold the bonds to maturity. The cash proceeds the company will receive when the bonds mature equal:
A. $40,525. B. $38,325. C. $43,200. D. $40,000. E. $37,800.