A ______ is a form of check in which the bank is both the drawer and the drawee

a. real check
b. bank check
c. cashier's check d. credit check
e. cashier's note


c

Business

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The accrual-based income statement is considered to be a good indicator of current cash inflows and outflows

a. True b. False Indicate whether the statement is true or false

Business

________ combined with affordability determines the product's value proposition

A) Acceptability B) Affluence C) Affability D) Accessibility E) Awareness

Business

On November 1 . 2014, Balloon Company sold some limited edition art prints to Sitake Company for ¥47,850,000 to be paid on January 1 . 2015 . The current exchange rate on November 1 . 2014, was ¥110=$1, so the total payment at the current exchange rate would be equal to $435,000 . Balloon entered into a forward contract with a large bank to guarantee the number of dollars to be received

According to the terms of the contract, if ¥47,850,000 is worth less than $435,000, the bank will pay Balloon the difference in cash. Likewise, if ¥47,850,000 is worth more than $435,000, Balloon must pay the bank the difference in cash. Assuming the exchange rate on December 31 . 2014 is ¥115=$1, what amount will Balloon disclose as the fair value of the forward contract on December 31 . 2014 (answers rounded to the nearest dollar)? a. $0 b. $18,913 c. $20,714 d. $416,087

Business

Which type of person focuses developing their faith and communicating with a larger force?

A. personalists B. communalists C. environmentalists D. religionists

Business