Cole issues a note "payable to the order of Cole," forges Dylan's signature as the maker, and indorses the note "pay to Eton." Cole sells the note to Eton, who negotiates it by indorsement and delivery to Franz. Franz negotiates the note to Gert. On this note, Gert can extend liability to
A. no one.
B. only Cole, Eton, or Franz.
C. only Eton or Franz.
D. only Franz.
Answer: B
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Acme Global recently won a bid to provide a large number of widgets for a government contract. To complete the order, the organization will need to order more raw materials. This will require Acme to rely in part on ______ to ensure organizational success.
A. suppliers B. shareholders C. technology D. competition
The state of Illinois has passed a law requiring that every automobile be inspected at least once a year for pollution control. Anfang Enterprises is considering entering into this type of business. After extensive studies, Joseph Anfang has developed the following set of projected annual data on which to make his decision: Direct service labor $363,000.00 Variable service overhead costs
270,000.00 Fixed service overhead costs 280,000.00 Marketing expenses 120,000.00 General and administrative expenses 170,000.00 Minimum profit 90,000.00 Cost of assets employed 500,000.00 Anfang believes that his company will inspect 100,000 automobiles per year. The company earns an average of 18.75 percent return on its assets. The projected cost for inspecting each automobile would be a. $11.13. b. $12.03. c. $12.93. d. $10.03.
What is the underlying premise of clean surplus theory and how is it applied in determining the valuation of a firm’s equity?
What will be an ideal response?
A user of accounting information with a direct financial interest would be a:
a. Creditor. b. Tax authority. c. Regulatory agency. d. Labor union.