Answer: B) False
Explanation: The reason why is because marketing means buying.
b. warrants to all who later take the document that it is genuine.
c. warrants that nothing impairs the document's validity or worth.
d. makes no warranties.
A person, other than a collecting bank or other intermediary, who negotiates a document of title for value: c. warrants that nothing impairs the document's validity or worth.
A person who negotiates a document of title for value is essentially transferring ownership of the document to another party. In doing so, they are making a warranty that nothing impairs the document's validity or worth. This means that the document is free from any defects or issues that could affect its value or legitimacy.
This warranty is important because it protects the purchaser from any potential issues with the document that could arise after the transfer of ownership.
It is important to note that the person negotiating the document of title does not make any warranties regarding the document's genuineness (option a and b) or make no warranties at all (option d). The only warranty they make is regarding the document's validity and worth.
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2) Economic Freedom
3) Price Stability
4) Economic Efficiency
Answer: 1) Economic security
Explanation: Economic security may be explained as a financial or economic concept of attaining a secure, stable or contingency financial source or income geared at ensuring that an individual has the continued capability of maintaining a certain cost or financial standard presently and in years to come. Economic security may occur in terms of personal or workplace strategies or social benefits provided by the government. Economic security is of paramount importance because individuals are prone to suffer from income instability at one point or the other due to job loss, retirement due to age and other causes.
Part of economic security is the social incentives provided by the government to the elderly, incapacitated and those who suffer job loss. This is to aid and support them in maintaining their living standard.
Reconciling an account involves comparing and matching the financial records of an individual or organization with external statements, such as bank statements or supplier invoices, to ensure they align and resolve any discrepancies.
In the context of reconciling an account, discrepancies refer to differences or inconsistencies between financial records and external statements.
These discrepancies can include errors in recording transactions, missing entries, or discrepancies in amounts. The process of reconciling an account involves identifying and resolving these discrepancies by carefully comparing and matching the information from various sources.
By addressing discrepancies, financial records can be brought into alignment with external statements, ensuring the accuracy and reliability of the account's financial information and maintaining a clear and consistent financial record for reporting and analysis purposes.
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Answer:
checking one's financial records against the bank’s
A.
Explanation: <3
C. $1,525,000
D. $700,000
Answer:
The company's revenue for the year is $1,615,000.
The correct option is A. $1,615,000.
Explanation:
Given:
Patterson Corporation began the year with retained earnings of $325,000. During the year, the company issued $500,000 of common stock, recorded expenses of $1,500,000, and paid dividends of $90,000.
If Patterson’s ending retained earnings was $350,000.
Now, to find the company's revenue for the year.
Opening Retained earnings = $325,000.
Common stock = $500,000.
Recorded expenses = $1,500,000.
Paid dividends = $90,000.
Closing Retained earnings = $350,000.
Now, to get the revenue of the company we put formula:
Revenue = (Recorded expenses + paid dividends + closing Retained earnings) - opening Retained earnings
Therefore, the company's revenue for the year is $1,615,000.
The correct option is A. $1,615,000.
Answer:
Month July August September
Monthly Cash Receipts $55,400 $58,700 $68,500
Explanation:
Built Tight
Cash Receipt Budget for Quarter Ending September 30, 2017
Particulars July August September
Sales 55,500 71,500 56,500
Less: Credit Sales:80% 44,400 57,200 45,200
Cash Sales 11,100 14,300 11,300
Previous month receivable 44,300 44,400 57,200
Monthly Cash Receipts 55,400 58,700 68,500