Molly makes a note payable to the order of Patrick; Patrick indorses it to Amy; Amy indorses it to Blake; and Blake indorses it to Homer. Homer presents the note to Molly within a reasonable time, but she refuses to pay. If Homer notifies only Patrick of the dishonor, Amy and Blake are discharged from liability
a. True
b. False
Indicate whether the statement is true or false
True
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Explain why the lower of cost or market rule is used to value inventory.
What will be an ideal response?
A business manufactures three similar products for eventual sale: J, K, and L. The selling prices are $30, $40, and $50, respectively. The variable costs of producing each are $25, $33, and $35, respectively. Each product must go through the same machine, and that machine is limited in its production to 1,800 hours per month. Product J takes 1 hour to process, Product K takes 2 hours, and Product
L takes 3 hours. What is the contribution per machine hour for product L? a. $15 b. $5 c. $3.50 d. $7
According to Trompenaars' dimensions of value orientations, in a(n) ______ society, status is based on what a person does.
A. achievement B. ascription C. diffuse D. neutral
Most project managers have received formal training in project management.
Answer the following statement true (T) or false (F)