Ami writes a cheque on his account at the Bank of Credit and Commerce to Karma Architects, Inc for plans for a new house. Karma endorses the back of the cheque, "payable to the RBS bank" and hands it over to the bank
Which of the following statements is TRUE?
A) Ami is the endorser
B) Karma Architects, Inc. is the drawer
C) The RBS Bank is a holder in due course
D) Karma Architects, Inc. is the first holder in due course
E) The Bank of Credit and Commerce is the payee
C
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Stage Technologies is a London-based company that supplies engineering solutions for the entertainment industry. It has helped the boy-band Westlife make a flying entrance onto stage and provided stage-rigging packages for the Princess cruise line. The company was established in 1994 after a couple of production designers decided that the automation of theater productions could be done more safely and more efficiently by using modular production rather than the old "build-as-needed" formula. The company installs wenches, stage lifts, and other equipment commonly used in stage productions. The equipment is designed so it can be operated from a single console without heavy lifting. Both opera companies and theaters see the benefit of such a system, but many are reluctant to buy because of
perceived costs.Joseph Harris is the company's best salesperson. Harris is making a sales call on the manager of a theater that is planning to perform three plays this season that include complicated lifting, flying, and a working trapdoor. The manager is aware of the time, labor, and monetary costs involved in staging these productions and wishes there was an easier way to produce the three plays.Buyer's remorse would most likely occur if: A. the customer had perceptual objections. B. Anderson or Harris used uniform delivery pricing. C. the customer tried to save money by buying fewer modules than needed. D. Anderson or Harris used too many trial closes. E. Anderson or Harris used the SELL sequence for prospecting.
To determine which accounts are affected, the accountant must email or speak with the people involved in the transaction
Indicate whether the statement is true or false
During which stage of the consumer decision-making process are evoked sets and evaluative criteria relevant?
A. information search B. purchase decision C. alternative evaluation D. postpurchase evaluation E. problem recognition
For its most recent fiscal year, a firm reported that its contribution margin was equal to 40 percent of sales and that its net income amounted to 10 percent of sales. If its fixed costs for the year were $60,000, how much were sales?
a. $150,000 b. $200,000 c. $600,000 d. can't be determined from the information given