If a bank’s payment over a stop-payment order causes subsequent checks written on the drawer’s account to be returned for insufficient funds, the bank will be liable for the drawer’s resulting costs.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Use the equation presented below to answer the question that follows: Cash = CL + LTL + CS + RE – NCCA – LTA where: CL = Current liabilities LTL = Long-term liabilities CS = Common stock RE = Retained earnings NCCA = Noncash current assets LTA = Long-term assets Which of the following activities results in a cash inflow?
a. Increases in noncash current assets (NCCA) b. Decreases in current liabilities (CL) c. Increases in common stock (CS) d. Decreases in retained earnings (RE)
Explain what values are and provide an example of a value. Values help us determine whether we see something as having worth. Thus, we determine the worth of people’s actions and ideas. Potential examples include: a college student may value an education. A romantic couple may value the advice of a priest, minister, rabbi, or imam.
What will be an ideal response?
Once an entrepreneur's company is successful, the entrepreneur no longer has to sell
Indicate whether the statement is true or false
What is parallel importing?
a. trade customers buy goods cheaper abroad, import them and undercut the manufacturer b. a manufacturer piggybacks on another manufacturer’s distribution channel c. a manufacturer imports and prices two product lines together d. distributors put together a large shipment of different goods to cut costs e. an agreement between two companies to swap shipments of goods without any money changing hands