The least effective method of protecting against overdrafts generally is to
A)
maintain a larger-than-normal account balance.
B)
arrange for automatic transfers from a savings account.
C)
arrange for a credit-card loan to cover the overdraft.
D)
ignore them since banks do not charge for overdrafts.
D
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On January 1, Buchanan Corporation had 50,000 shares of common stock outstanding. On April 1, the company declared a 20% stock dividend, and on August 1, the company had a 3-for-1 stock split. On December 1, the company issued an additional 6,000 shares. What is the denominator in the earnings per share calculation?
A) 186,000 B) 180,500 C) 180,000 D) 173,000
The most cost-effective type of internal control is
a. preventive control b. accounting control c. detective control d. corrective control
__________is the ultimate goal of a new trend in marketing that focuses on understanding consumers as individuals instead of as part of a group
Fill in the blanks with correct word.
James and Debra Reid purchased a home for $623,000 in January 2014. They put down $62,300 and financed the remainder with Fifth Third Bank. Fifth Third Bank recorded its mortgage on February 1, 2014. On March 31, 2014, the Reids purchased a swimming pool and the pool contractors, Cristoria Pools, financed the construction for $45.000. Cristoria recorded a second mortgage on the property on April
15, 2014. On December 15, 2014, the Reids sold their house to the Griffins for $720,000. The Griffins put $120,000 down and agreed to pay the Reids for the existing mortgage in wrap-around. The mortgage balance at the time of the sale was $619,000. The balance on the Cristoria mortgage was $42,000. On August 15, 2015, the Griffins defaulted on their payments. The Reids had already purchased another home and were unable to make the payments on the home. Fifth Third Bank foreclosed on the mortgage. ?Who has second priority after expenses are paid? A)?Fifth Third Bank B)?Cristoria Pools C)?The Reids D)?The Griffins