Fact Pattern 24-1BDominion Sales Ltd. in Canada and Eagle Buying Company in the United States enter a contract for a sale of forestry products. Dominion draws a draft unconditionally ordering Great Federal Bank, Eagle's bank, to pay $60,000 to Dominion's order in sixty days. Eagle signs and dates the draft.Refer to Fact Pattern 24-1B. This instrument is
A. a banker's acceptance.
B. a nonnegotiable instrument.
C. a promissory note.
D. a trade acceptance.
Answer: A
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Rollie has always been known to speak slowly and to draw out his conversations while most of his friends speak more quickly. The slowness of Rollie’s speaking style falls under which area of paralanguage?
A. pitch B. volume C. rate D. pronunciation
Franklin Corporation invested $100,000 to acquire 20,000 shares of Hope Technologies, Inc. on March 1, 2018. Hope pays a cash dividend of $0.25 per share on July 2, 2019. The investment is classified as equity securities with no significant influence. Based on these two transactions, which of the following is TRUE of the accounting equation as of July 2, 2019?
A) Total assets in the balance sheet will remain unchanged. B) Current assets in the balance sheet will remain unchanged. C) Equity in the balance sheet will increase. D) Total liabilities in the balance sheet will increase.
Overhead costs:
A. Are always variable costs. B. Cannot be traced to cost objects in a cost-effective manner, but are instead allocated to cost objects. C. Are only incurred by manufacturing companies. D. Cannot be allocated to cost objects.
Why do strategic alliances often fail to measure up to expectations?
What will be an ideal response?