Which of the following is true of the negotiability of a written instrument?
A. An instrument written on a piece of wrapping paper will be considered a poor business practice and will not be negotiable.
B. The writing of an instrument does not have to be on any particular material; all that is required is that it be in writing to be negotiable.
C. The Uniform Commercial Code considers only instruments that are handwritten as negotiable.
D. An instrument written in pencil does not qualify as a negotiable instrument.
Answer: B
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Griffith Corporation is considering an investment in a labor-saving machine. Information on this machine follows: Cost $30,000 Salvage value in five years $0 Estimated life 5 years Annual depreciation $6,000 Annual reduction in existing costs $8,000 Refer to Griffith Corporation. Assume for this question only that Griffith Corporation uses a discount rate of 16 percent to evaluate projects of
this type. What is the project's net present value? Present value tables or a financial calculator are required. a. $(6,283) b. $(3,806) c. $(23,451) d. $(22,000)
"Traffic builders" are valuable in that they can generate customers for the overall store
Indicate whether the statement is true or false
1. TB Figure 14.1 is a Level 0 DFD of a payroll process with several labels omitted. Listed below is a numbered, alphabetical list of the omitted items.
?
Omitted Labels
1.
Accrue liabilities
7.
GL employer tax accrual update
2.
Attendance time records
8.
GL tax deposit update
3.
Bank
9.
Government agencies
4.
Distribute labor costs
10.
Pay employees
5.
Employee/payroll master data
11.
Perform data maintenance
6.
General ledger process
12.
Validated job time records
?
Required:
Match each letter in the Level DFD to the appropriate number from the list of omitted labels.
Fill in the blank(s) with the appropriate word(s).
Which of the following is NOT an industry where Venezuelan government has seized private commercial property?
a. banks b. power companies c. pharmaceuticals d. gold mines