Which of the following terms refers to a bill of exchange on which the drawer and the payee are the same person?
A. trade acceptance
B. deed
C. codicil
D. certificate of deposit
A
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Eatsy Corp owes Hardy, Inc, $30,000 on a note payable, plus $1,800 interest. Hardy agrees to accept 400 shares of Eatsy common stock in full settlement of the debt. Eatsy stock has a par value of $10 and a current market value of $70 per share. As a result of the debt restructuring, Eatsy Corp should record an
A) ordinary loss of $1,800. B) extraordinary gain of $1,800. C) ordinary gain of $3,800. D) extraordinary gain of $3,800.
Agencies that regulate state-chartered banks, worker's compensation, state universities, and state taxes are assigned duties by the ________
A) administrative law judges of the state B) state legislature C) judicial branch of the government D) president and Congress
BeFriends Corporation uses the trademark of Community Life Inc, a social media site, as a meta tag without Community Life's permission. This may be permissible A) if the appropriating site has nothing to do with the meta tag
B) if the two sites appear in the same search engine results. C) if the use constitutes trademark infringement. D) under no circumstances.
A tile manufacturer has supplied the following data: Boxes of tiles produced and sold 520,000Sales revenue$2,132,000Variable manufacturing expense$650,000Fixed manufacturing expense$464,000Variable selling and administrative expense$260,000Fixed selling and administrative expense$312,000Net operating income$446,000 What is the company's unit contribution margin?
A. $4.10 per unit B. $0.86 per unit C. $2.35 per unit D. $1.75 per unit