Which of the following definitions describes a drawee to a bill of exchange?
A. the issuer of a bill of exchange
B. a person who signs a bill of exchange or note to lend his or her credit to another party
C. the person ordered to pay a bill of exchange
D. a person who receives an endorsed bill of exchange or note from an endorser
C
Business
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Nancy has $40,000 of annual disposable income and saves $8,000 a year. Her savings rate is
A) 5%. B) 12%. C) 17%. D) 20%.
Business
The minimum potential transfer price is determined by
a. Incremental costs in the selling division plus the oppurtunity cost of the facilities used. b. negotiations between the buying and selling divisions. c. the lowest outside price for the item. d. the extent of idle capacity in the buying division.
Business