All of the following are reasons to avoid payday loans except
A) the cost of financing with a payday loan is exorbitant.
B) you don't want to pay interest on your credit card that charges an annual rate of 18%.
C) you may still not have sufficient cash after covering the loan.
D) the use of payday loans can create a continual cycle of borrowing.
Answer: B
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Chase Company rents space to a tenant for $2,200 per month. The tenant currently owes rent for November and December. The tenant has agreed to pay the November, December, and January rents in full on January 15 and has agreed not to fall behind again. The adjusting entry needed on December 31 is:
A. Debit Unearned Rent, $2,200; credit Rent Earned, $2,200. B. Debit Rent Receivable, $4,400; credit Rent Earned, $4,400. C. Debit Rent Receivable, $2,200; credit Rent Earned, $2,200. D. Debit Unearned Rent, $4,400; credit Rent Earned, $4,400. E. Debit Rent Receivable, $6,600; credit Rent Earned, $6,600.
Which is true about customer relationship management (CRM)?
A. Both internal and external service desks should engage in CRM initiatives to ensure optimal levels of customer service. B. It focuses on performing customer satisfaction surveys and updating Service Level Agreements to reflect new service levels. C. It involves using customer contact and relationship information to generate additional sales and increase levels of customer service and retention. D. It assigns dedicated account specialists to accounts and enables organizations to ensure higher levels of customer service.
ING Direct could be called the fast-food model of consumer banking because it is about as no-frills as it gets
Indicate whether the statement is true or false
Which one of the following events creates a liability for a business?
A) An obligation to pay for goods purchased on credit from a supplier B) Inventories purchased for cash C) Amounts invested by the owners D) Stock sold to the general public