Fact Pattern 18-1

question 62

Multiple Choice

Fact Pattern 18-1
Prime Irrigation Systems,Inc. ,signs a check payable to Qwest Landscape Design,Inc. ,drawn on Prime's account at Riverton Bank and dated June 1.Qwest in?dorses the check to Serene Lawn Care Corporation.
-Refer to Fact Pattern 18-1.To hold Prime secondarily liable,Serene must present the check for payment within

• A)one year of its issue.
• B)six months of its date.
• C)thirty days of its date.
• D)thirty days of its indorsement.

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Definitions:

Job C

A specific task, project, or assignment identified uniquely, usually within a job costing system.

Machine-Hours

A measure of production time where one machine-hour equals one machine working for one hour, used as an allocation base in costing.

Total Job Cost

The cumulative costs associated with a specific job or project, including materials, labor, and overhead.

Job M381

A specific job or project identifier, often used in job costing scenarios to track costs and monitor progress on a particular task or project.