A company's balance sheet shows: cash $24,000, accounts receivable $30,000, equipment $50,000, and equity $72,000. What is the amount of liabilities?
A. $76,000.
B. $68,000.
C. $104,000.
D. $176,000.
E. $32,000.
Answer: E
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Which of the following is a characteristic of a presentment warranty on an instrument presented for payment?
A) The transferor has no knowledge of any insolvency. B) The transferor has good title to the instrument. C) No defenses of any party are good against the transferor. D) The instrument has not been materially altered.
At the optimum solution, what is the cost of kidney beans in the diet?
A school is trying to determine a nutritional diet to feed its students. The school would like to offer some combination of milk and beans. The school’s objective is to minimize cost, subject to meeting the minimum nutritional requirements of protein, calcium, and calories. The cost and nutritional content of each food, along with the minimum nutritional requirements are shown here.
A. $3.95
B. $4.22
C. $5.65
D. $2.70
Which one of the following is NOT true of a criminal suit?
a. A criminal suit is brought by the government, not by an individual. b. In a criminal suit, guilt is never presumed. c. A purpose of a criminal suit is repayment to the victim. d. A criminal suit requires a higher burden of proof than a civil suit.
The delay between when you receive payment and when the bank gives you credit is called
A) Disbursement Float B) Net Float C) Clearing Float D) Collection Float