On July 15th, the day he died, Sam wrote a check to Century Link to pay for his phone and Internet. On July 20th, an announcement of Sam's death was published in the local paper. But the check, along with others, sat on Sam's desk until August 15th, when the executor mailed them. Sam's bank must pay this check.
Answer the following statement true (T) or false (F)
False
Sam's bank is not liable for the payment of a check before it has notice of the death. However, the bank may pay or certify checks for 10 days after the date of death of the drawer. This rule permits holders of checks that are drawn shortly before the drawer's death to cash them without the necessity of filing a claim with the court handling the deceased's estate.
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All of the following accounts have normal debit balances except
a. Accounts Receivable b. Dividends c. Office Supplies Expense d. Sales
To ensure the performance review is objective and well planned, which of the following steps should be taken?
A) Document performance issues as they happen. B) Evaluate each employee based on their needs, skills and abilities. C) Use a personal and sincere tone. D) Focus on areas of weakness that need improvement. E) Use the job description that best matches the performance level.
Variations of the drop-off method include handing out the surveys to people at their places of work and asking them to fill them out at home and then to return them the next day
Indicate whether the statement is true or false
It is most accurate to say that a business plan is used to communicate the performance and direction of a business to ________
A) targeted markets B) consumers C) government regulators D) potential investors and stakeholders E) marketers