Gladys, the chief executive officer of Home Electrical, Inc., signs an instrument by using a rubber stamp with her thumbprint on it. This instrument is
A. negotiable.
B. nonnegotiable, because a rubber stamp does not identify the signer.
C. nonnegotiable, because a thumbprint implies a lack of serious intent.
D. nonnegotiable, because a thumbprint is not a signature.
Answer: A
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The entry to record the amortization of a premium on bonds payable on an interest payment date would
a. a debit to Premium on Bonds Payable and a credit to Interest Revenue b. a debit to Interest Expense and a credit to Premium on Bond Payable c. a debit to Interest Expense and Premium on Bonds Payable and a credit to Cash d. a debit to Bonds Payable and a credit to Interest Expense
Which of the following statements about firewalls is wrong?
A. A firewall allows individuals on the corporate network to send and receive data packets from the Internet. B. A firewall is a security system comprised of hardware and software that is built using routers, servers, and a variety of software. C. A firewall can filter through packets coming from outside networks to prevent unauthorized access. D. A firewall connects different LANs, software-based intelligent devices, and examines IP addresses.
A good marketing plan will work well throughout the different stages of the product life cycle.
Answer the following statement true (T) or false (F)
Degree of operating leverage (DOL) is defined as total contribution margin in dollars divided by pretax income.
Answer the following statement true (T) or false (F)