Hayley signs an instrument payable to the order of InstaCredit, Inc., that allows a holder to demand payment of the entire amount due, with interest, if Hayley fails to make a payment. This instrument is
A. negotiable.
B. nonnegotiable, because a holder can move up the payment date.
C. nonnegotiable, because moving up the payment date is conditional.
D. nonnegotiable, because the exact payment date cannot be determined from the face of the instrument.
Answer: A
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McCourt Inc manufacturers a unique product. The company's controller has prepared the following static budget for the month of February: Estimated production 300 units Direct labor per unit 1 hour Direct labor required for estimated production 300 hours Average direct labor rate per hour $ 10 Estimated direct labor cost $3,000 Actual production during February was 275 units and actual direct
labor cost was $2,900. If McCourt prepares a flexible budget for February, the projected direct labor cost would be: A) $2,750 B) $2,900 C) $3,000 D) $3,165
A company's values relate to such things as
A. how it will balance the pursuit of its business purpose/mission against the pursuit of its strategic vision. B. fair treatment, integrity, ethical behavior, innovativeness, teamwork, top-notch quality, superior customer service, social responsibility, and community citizenship. C. whether it will put more emphasis on the achievement of short-term performance targets or long-range performance targets. D. how it will balance its pursuit of financial objectives against the pursuit of its strategic objectives. E. whether it will emphasize stock price appreciation or higher dividend payments to shareholders.
Which of the following sentences contains a comma splice?
A) Miguel will write the document, but Alicia will proofread it. B) Miguel will write the document, Alicia will proofread it. C) Miguel will write the document; however, Alicia will proofread it. D) Miguel will write the document. Alicia will proofread it.
Conclusions to long reports should be
A) Less than 1 page. B) 1 page in length. C) 2-3 pages. D) 4-5 pages.