A(n) _____ is a signature on the back of an instrument along with any directions or limitations regarding use of or liability for the instrument.?
A) authorization
B) renunciation
C) indorsement
D) endorsement
C
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Roundwell Motors purchases a manufacturing plant for $15 million, pays $5 million in cash as down payment, and borrows the remaining $10 million from Home Providence Bank
To secure the loan, Roundwell gives the plant as collateral to Home Providence Bank. What kind of collateral arrangement is in place between Roundwell Motors and Home Providence Bank? A) a mortgage B) a garnishment C) a land sales contract D) an accommodation
A business paid $100 cash to Charles Nice (the sole stockholder) for his personal use. Set up the necessary T-accounts below and show how this transaction would be recorded directly in those accounts.
What will be an ideal response?
It takes a service rep an average of two minutes to take a customer's information. Over the course of a work week, the rep handles 160 calls a day during her eight hour shift. What is the service rep's capacity cushion?
A) 20% B) 33% C) 50% D) 67%
The expected return on the market is 10%, the risk free rate is 5% and Midnight Rider Trucking Inc. has a beta of 1.2. What is the expected return for Midnight Rider Trucking Inc.?
A) 4% B) 7% C) 11% D) 13% E) 16%