Use the Information to Answer the Following Question(s)

question 51

Multiple Choice

Use the information to answer the following question(s) .
Jackson Automotive Inc. of California agrees to sell specialized automotive parts to Hidatsi of Korea. Because the two companies have never done business with each other, Jackson requires a banker's acceptance as payment for the $1,000,000 order. The banker's acceptance carries a 1.4% commission per annum and payment is to be received in 6 months. If Jackson Inc. chooses to discount or sell the bankers acceptance to its bank, the discount rate is 1.00% per annum.
-Refer to Instruction 15.1. ________ is an unsecured promissory note.

• A) A banker's acceptance
• B) An overdraft
• C) A securitized loan
• D) Commercial paper

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Definitions:

Sarcoplasm

The cytoplasm of a muscle fiber, containing the cellular components necessary for muscle contraction.

Muscle Tone

The continuous and passive partial contraction of muscles, which helps maintain posture.

Constant Tension

A state in which a muscle remains at a singular tension level without shortening or lengthening significantly.

Tetanus

Tetanus is a serious bacterial infection characterized by muscle stiffness and spasms, caused by the toxin of the bacterium Clostridium tetani.