Explain, in as much detail as possible, how an indorsement is made
What will be an ideal response?
An indorsement is the signature of a signer—other than as a maker, a drawer, or an acceptor—that is placed on an instrument to negotiate it to another person. The signature may appear alone, name an individual to whom the instrument is to be paid, or be accompanied by other. The person who indorses an instrument is called the indorser. If the indorsement names a payee, this person is called the indorsee. An indorsement is usually placed on the reverse side of the instrument, such as on the back of a check. If there is no room on the instrument, the indorsement may be written on a separate piece of paper called an allonge. The allonge must be affixed to the instrument.
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The amount of interest that can be capitalized for a qualifying asset is the lesser of the amount considered as avoidable interest costs or actual interest cost
Indicate whether the statement is true or false
If a client makes payments to a middle-man who uses the funds to obtain corporate tax refunds for the client from government officials, this is not considered a violation of the Foreign Corrupt Practices Act of 1977 (FCPA)
a. True b. False Indicate whether the statement is true or false
When a competitor cuts its price, a company should ________ if it believes it will not lose much market share or would lose too much profit by cutting its own prices
A) reduce its production costs B) reduce its marketing costs C) maintain its current prices and profit margin D) increase its marketing budget to raise the perceived value of the product E) increase its production costs to improve the quality of the product
Which of the following budgets is not a budget that a manufacturer would include in its master budget?
A. Cash budget. B. Merchandise purchases budget. C. Production budget. D. Sales budget. E. Direct materials budget.