Charlene Brown has possession of a check made out to the order of Charlene Brown (herself) which she received in payment for writing a manuscript for her publisher. Charlene is a holder in due course and the publisher cannot claim any "real" defenses to payment. Charlene has an unconditional right to be paid for the check
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is TRUE of a purchases journal?
A) For a periodic inventory system, the Merchandise Inventory DR column is replaced with a column titled Cost of Goods Sold DR. B) Cash purchases are recorded in the purchases journal. C) For a perpetual inventory system, a column titled Purchases DR is needed. D) The Other Accounts DR column is used for purchases on account of items other than merchandise inventory and office supplies.
Rewrite the item using the singular possessive. Example tail of the dog dog's tail uniform of the player
William is the marketing manager for a newly launched sedan of Power Motors Ltd. However, the car had technical problems in its ignition system. The company decided to recall all sedans from the market. William convinced the management to work on this issue based on customer feedback and convinced them to relaunch the vehicle. Which of the following guidelines for effective human relations has William followed in this scenario?
A. Being genuinely interested in other people B. Being optimistic C. Being self-centered D. Thinking before acting
Sperle Corporation has provided the following data concerning its stockholders' equity accounts: Year 2Year 1Stockholders' equity: Common stock, $5 par value$400,000 $400,000 Additional paid-in capital 60,000 60,000 Retained earnings 654,000 630,000 Total stockholders' equity$ 1,114,000 $ 1,090,000 Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The market price of common stock at the end of Year 2 was $3.08 per share.The company's dividend payout ratio for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)
A. 2.6% B. 14.7% C. 21.1% D. 1.6%