Verne has possession of a draft that has been validly negotiated to him. His payment process necessarily includes
a. presentment of the draft, dishonor, and notice of dishonor.
b. exhibiting the instrument, showing reasonable identification, and surrendering the draft if it is paid in full.
c. exhibiting the draft, providing a thumbprint signature, and giving a receipt.
d. suspending the underlying debt, applying the shelter rule, and making a demand for payment.
b
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Blenham, Inc sells merchandise on credit. If a customer pays its balance due after the discount period has passed, what is the effect of the payment on Blenham's accounting equation?
a. Assets and stockholders' equity decrease. b. Assets decrease and liabilities increase. c. Assets and stockholders' equity increase. d. No net effect.
A planning report is a ______ of the MRP process.
a. primary output b. secondary output c. primary input d. secondary input
Family, social class, reference groups, and culture are the psychological variables that affect a consumer's buying decisions.
Answer the following statement true (T) or false (F)
Consider the continuous random variable x, which has a uniform distribution over the interval from 20 to 28 . The probability density function has what value in the interval between 20 and 28?
a. 0 b. .050 c. .125 d. 1