Which of the following definitions describes a drawee to a bill of exchange?
A. the issuer of a bill of exchange
B. a person who signs a bill of exchange or note to lend his or her credit to another party
C. the person ordered to pay a bill of exchange
D. a person who receives an endorsed bill of exchange or note from an endorser
C
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Herbert and Evita are planning to open a quick copy center near the local college. They will make both cash and credit sales. They will hire college students to make copies and to operate the cash register. Either Herbert or Evita will act as manager
during most hours that the business will be open. One student will be designated as assistant manager when they cannot be present. Describe procedures that Herbert and Evita might use to provide adequate internal control over cash and credit sales and bank deposits.
In the case of a multiproduct company, C-V-P analysis assumes that the company's sales mix is constant
Indicate whether the statement is true or false
If a firm earns a net profit of $100,000 on sales of $2,000,000, its net profit margin is:
A. ?5%. B. ?10%. C. ?15%. D. ?3.5%. E. ?1.5%.
If Bojana Tax Services' office supplies account balance on March 1 was $1,400, the company purchased $675 of supplies during the month, and a physical count of supplies on hand at the end of March indicated $1,250 unused, what is the amount of the adjusting entry for office supplies on March 31?
A. $1,250 B. $525 C. $1,975 D. $825 E. $675