The business or person upon whose account a check is drawn is called:
a. the payee.
b. the drawer.
c. the drawee.
d. the bank.
e. none of the above.
b
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Davis Company began manufacturing operations on January 2, 2018. During 2018 Davis reported pre-tax book income of $85,000 and had taxable income of $75,000. Davis had a temporary difference relating to a prepaid asset which will be expensed as follows for book purposes: 2019$7,5002020$2,500The enacted tax rates are 30% for 2018 and 2019; and 40% for subsequent years.If Davis paid no estimated taxes, income tax payable at the end of 2018 is:
A. $22,500. B. $30,000. C. $27,500. D. $36,000.
Trade names or assumed names cannot be used for signing negotiable instruments
Indicate whether the statement is true or false
A firm that is interested in consistent on-time delivery would probably design their transportation and warehousing system to include:
A) air transportation with a spot stock warehouse. B) rail transportation with a consolidation warehouse. C) water transportation with a hub and spoke warehouse. D) pipeline transportation with a postponement warehouse. c
Event sponsorship can provide companies with a considerable amount of free media coverage.
Answer the following statement true (T) or false (F)