FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The major difference between a check and a draft is that: a. the draft is not drawn on the bank but on the issuer. b.

The major difference between a check and a draft is that:

a. the draft is not drawn on the bank but on the issuer.

b. the bank must present the draft to the firm for acceptance

c. after acceptance of the draft the firm must deposit the funds to make payment.

d. all the above

e. none of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

Have the measures selected been validated against external criteria that are themselves culturally relevant?

Answered: 1 week ago

Question

★★★★★
Perrin Talent Search has an annual payroll of $150,000. In addition, the company incurs payroll tax expense of 8%. At December 31, Perrin owes salaries of $7,500 and FICA and other payroll tax of...

Answered: 1 week ago

Question

★★★★★
A bonds price and its yield move in the ________ direction. A fall in yield will have a ______ impact on price than an increase in yield. (Hint: asymmetry in price-yield relationship) Group of answer...

Answered: 1 week ago

Question

★★★★★
Which of the following best describes the term "aging of accounts payable"? A . Tracking the average payment period for suppliers B . Estimating the useful life of company assets C . Classifying...

Answered: 1 week ago

Question

★★★★★
How can a team that has members spread out in different locations (working virtual) communicate effectively?

Answered: 1 week ago

Question

★★★★★
Brookingdale Insurance Company has expressed interest in being represented by Roger's insurance agency. For each of the following items of information about Brookingdale, describe the sources of...

Answered: 1 week ago

Question

★★★★★
How might the current economic situation with the job market, wage rate, or other economic factor impact your organization in a positive or negative sense?

Answered: 1 week ago

Question

★★★★★
2. Not all is lost with Tesla's production issues. Tesla has left a door (and a few windows) open for competitors to take part of the market. Which manufacturers stand to gain the most? Why?

Answered: 1 week ago

Question

★★★★★
Determine a mainline airline's fare structure. Discussion can include mock data on the fare structure that you outline for business vs pleasure travel, passenger demand patterns, Seasonal operations,...

Answered: 1 week ago

Previous Question Next Question