Joan signs a note that states, "Payable in thirty days." The note is dated March 2. Kent buys the note on April 3. Is Kent an HDC of the note? Explain.
What will be an ideal response?
No. Generally, the time that a due date on an instrument begins to run is the day after the date of an instrument, which would mean that this note is due April 1. That means the note is overdue. One of the requirements for becoming an HDC is that a party must take an instrument without notice that it is overdue. (Nonpayment by a due date indicates to any purchaser that the maker or drawer has a defense against payment.)
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Systems maintenance is a set of procedures performed to complete the design contained in the approved systems design document and to test, install, and begin to use the new/revised information system
Indicate whether the statement is true or false
Which of the following is a form of observation marketing research that uses data mining coupled with identifying Web surfers by their IP addresses?
A. Web community B. behavioral tracking C. online focus group D. Channel M2 E. Web 2.0
Cantor Products sells a product for $75. Variable costs per unit are $50, and monthly fixed costs are $75,000. Answer the following questions:a. What is the break-even point in units?b. What unit sales would be required to earn a target profit of $200,000?c. Assume they achieve the level of sales required in part b, what is the degree of operating leverage?d. If sales decrease by 30% from that level, by what percentage will profits decrease?
What will be an ideal response?
Sweetwater & Associates write weekend trip insurance at a very nominal charge. Records show that the probability that a motorist will have an accident during the weekend and file a claim is 0.0005. Suppose they wrote 400 policies for the coming weekend, what is the probability that exactly two claims will be filed?
A. 0.0164 B. 0.0001 C. 0.8187 D. 0.2500