Honoring a note receivable indicates that the maker has:
A. Guaranteed.
B. Cosigned.
C. Signed.
D. Paid in full.
E. Notarized.
Answer: D
You might also like to view...
Which of the following would not be a basis for estimating the useful life of a piece of equipment?
A) Potential production in units B) Potential hours of service C) Historical cost D) Years of service
Which of the following is when storming occurs and the team performance may actually decline for an extended period of time?
A. potential team B. real team C. pseudoteam D. high-performing team
Which of the following bank accounts has the highest effective annual return?
A. An account that pays 8% nominal interest with monthly compounding. B. An account that pays 8% nominal interest with annual compounding. C. An account that pays 7% nominal interest with daily (365-day) compounding. D. An account that pays 7% nominal interest with monthly compounding. E. An account that pays 8% nominal interest with daily (365-day) compounding.
Prime Products, Inc found out that it was going to take three weeks to ship the comforter Margaret ordered instead of the seven days it had originally promised her. Prime Products must cancel Margaret's order and notify her that it can deliver within three weeks if she wants to reorder
Indicate whether the statement is true or false