Indorsers of an instrument are conditionally liable and their liability is subject to the conditions of dishonor and notice of dishonor
Indicate whether the statement is true or false
true
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What qualitative factors should managers consider before making a special order decision?
A common contingent check just prior to employment is a drug test.
Indicate whether the statement is true or false.
Marc has purchased a new car for $15,000. He paid $2,500 as down payment and he paid the balance by a loan from his hometown bank. The loan is to be paid on a monthly basis for two years charging 12 percent interest
How much are the monthly payments?
The buyer and seller have tentatively agreed to a contract for the sale of a building that the buyer will use in its business. The buyer will pay the seller $100,000 (principal and interest) each year for five years. The seller’s cost of the asset is $200,000, and he will report the capital gain using the installment method. The buyer and seller are now negotiating the interest rate that will be used to compute the interest included in each $100,000 payment. The relevant Federal rate is 5%, but the market rate on similar contracts is in the area is 7%. a.Why would the seller bargain for a 5% interest rate for the contract rather than a 7% interest rate?b.How does the interest rate affect the buyer’s future taxable income?
What will be an ideal response?