If a check has been marked "payment refused?not sufficient funds," a person in possession of it

can qualify as a holder in due course.

Indicate whether the statement is true or false

FALSE

Business

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The net operating cycle of this company is closest to:

Given the following financial statement data, calculate the net operating cycle for this company. In millions Credit sales $40,000 Cost of goods sold $30,000 Accounts receivable $3,000 Inventory – Beginning balance $1,500 Inventory – Ending balance $2,000 Accounts payable $4,000 A. 3.8 days. B. 24.3 days. C. 51.7 days.

Business

A due-on-sale clause is also known as:

A. an alienation clause B. an overall clause C. a due-on-loan-payoff clause D. an alternative payoff clause

Business