Which of the following qualifications renders a person a holder in due course of a negotiable instrument?
A) he takes the negotiable instrument for value
B) he is subject to claims and defenses against the transferor
C) he is in possession of an instrument issued in his name
D) he is in possession of an instrument issued in another's name
A
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A company has a cash ratio of 2.3. What does this imply?
A) The company has an unnecessarily large amount of cash and cash equivalents. B) The company does not have enough cash supply. C) The company is not in a position to pay off its long-term liabilities. D) The company is not in a position to pay off its current liabilities.
Which of the following is the BEST sentence for getting the receiver to take action?
a. Come to our showroom before January 31 and receive your 25 percent discount. b. Complete the enclosed card at your earliest convenience. c. Taking action today may be the smartest thing you've ever done. d. If you miss this opportunity, you may never experience the financial freedom you've always dreamed of.
The objective function of an assignment problem may be either maximization or minimization
Indicate whether the statement is true or false
Marvel Woodcraft makes furniture. Marvel's expected sales are 20,000 bookcases for the quarter. The company begins the quarter with inventory of 3,000 bookcases and wants to have enough finished bookcases on hand at the end of the quarter to provide for 15% of the next quarter's expected sales of 24,000 bookcases. Based on this information, how many bookcases need to be produced during the quarter?
A. 4,000 B. 17,600 C. 3,600 D. 21,000 E. 20,600