Which of the following is not a cost of losing a customer?
A. loss of past dollars
B. loss of jobs
C. loss of reputation
D. loss of future business
Answer: A
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List and describe the "Three Alternatives Rule."
What will be an ideal response?
What is the purpose of the Troubled Asset Relief Program (TARP)?
A)?To provide subsidies to homeowners with mortgages that exceed 31% of their monthly income for payments B)?To place Fannie Mae into a conservatorship C)?To buy up assets in foreclosure and unfreeze the credit markets D)?To eliminate subprime lending
For Title VII of the Civil Rights Act to apply, an employer must have:
a. at least 5 employees b. no more than 50 employees c. at least 15 employees d. at least 10 employees e. at least 100 employees
During August, Boxer Company sells $356,000 in merchandise that has a one year warranty. Experience shows that warranty expenses average about 5% of the selling price. The warranty liability account has a credit balance of $12,800 before adjustment. Customers returned merchandise for warranty repairs during the month that used $9,400 in parts for repairs. The entry to record the estimated warranty expense for the month is:
A) Debit Warranty Expense $17,800; credit Estimated Warranty Liability $17,800. B) Debit Warranty Expense $5,000; credit Estimated Warranty Liability $5,000. C) Debit Warranty Expense $14,400; credit Estimated Warranty Liability $14,400. D) Debit Estimated Warranty Liability $9,400; credit Warranty Expense $9,400. E) Debit Estimated Warranty Liability $17,800; credit Warranty Expense $17,800.