List and explain 3 types of endorsements
What will be an ideal response?
a. Blank Endorsement: Signature of the payee that transfers ownership of the check without specifying to whom or for what purpose
b. Full Endorsement: Signature transferring a check to a specific person, business or bank
c. Restrictive Endorsement: Signature that transfers the check to a specific party for a specific purpose
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Consider Figure 6.2. With free trade, Mexican consumers purchase ______________ calculators, Mexican firms produce ______________ calculators, and ______________ calculators are imported.
a. 10, 4, 6
b. 10, 6, 4
c. 10, 8, 2
d. 10, 2, 8
If you make a mistake in the workplace, it is best to apologize ____.
A. via email B. in a hand written note C. via telephone D. in person
On February 1, 2021, a company loans one of its employees $20,000 and accepts a nine-month, 8% note receivable. Calculate the amount of interest revenue the company will recognize in 2021.
What will be an ideal response?
Delvry Inc. is a solid fuel supplier. It supplies coal to different thermal power plants. The company takes legal possession of the coal, and they hire outside transporters to aid the delivery process. In this scenario, Delvry Inc. is a(n) _____.
A. agent B. drop shipper C. broker D. full-service merchant wholesaler