In October 2006, America's Wholesale Lender (AWL) agreed to loan John Horvath $650,000. The
loan was stated in an interest-only, fixed-rate note
and was secured by a deed of trust on Horvath's
home. In exchange for the $650,000, Horvath
agreed to repay AWL in monthly installments rang-
ing from about $3,000 to $5,000. The note allowed
AWL (and any subsequent holder) to freely transfer
the note. In fact, the note provided for "anyone who
takes this Note by transfer” to inherit the powers
of the “Note Holder," including the right to accel-
erate payment in the event that Horvath defaulted.
Any party who took the note would have the right
to enforce it. In 2009, the note was transferred to
Bank of New York, and a little over a half year later,
Horvath defaulted. His property was foreclosed on,
and then he proceeded to sue. Was Horvath right
in suing? Why or why not, based on the wording of
the note? [Horvath v. Bank of NY, 641 F.3d 617, 2011
U. S. App. LEXIS 10152.]

Select the correct answer. joshua runs a large manufacturing business that is listed on the stock exchange. his company made good profits in the previous financial year. he now plans to reward his shareholders with handsome dividends. under which category of activities in the cash flow statement would the company’s accountants place this outflow of cash? a. investing activities b. operating activities c. financing activities d. non-operating activities

Uppose that the federal reserve purchases a bond for $100,000 from donald truck, who deposits the proceeds in the manufacturer’s national bank. what will be the impact of this purchase on the supply of money? the money supply will increase by $100,000. the money supply will increase by $80,000. the money supply will increase by $500,000. this action will have no effect on the money supply. if the reserve requirement ratio is 20 percent, what is the maximum amount of additional loans that the manufacturer’s bank will be able to extend as the result of truck’s deposit? the maximum additional loans is $100,000. the maximum additional loans is $80,000. the maximum additional loans is $20,000. the maximum additional loans is $500,000. given the 20 percent reserve requirement, what is the maximum increase in the quantity of checkable deposits that could result throughout the entire banking system because of the fed’s action? this action will have no effect on the money supply. the money supply will eventually increase by $80,000. the money supply will eventually increase by $500,000. the money supply will eventually increase by $100,000.

Blue spruce corp. has the following transactions during august of the current year. aug. 1 issues shares of common stock to investors in exchange for $10,170. 4 pays insurance in advance for 3 months, $1,720. 16 receives $710 from clients for services rendered. 27 pays the secretary $740 salary. indicate the basic analysis and the debit-credit analysis.