For a Promissory Note,the Entity to Whom the Promise of Future

question 174

Multiple Choice

For a promissory note,the entity to whom the promise of future payment is made is the ________.

• A) maker of the note
• B) endorser of the note
• C) banker of the note
• D) payee of the note

---

Definitions:

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)

A financial performance measure that calculates a company's profitability before deductions for interest, taxes, depreciation, and amortization.

Net Income

Indicates what is left after all costs, expenses, and taxes have been paid.

Current Assets

Cash and other assets that can be converted into cash within a year.

Cash Flow Assets

Assets that generate regular income streams, such as rentals, dividends, or interest payments.