Fredrik signs a check "pay to the order of Gennifer" drawn on Fredrik's account in Harborside Bank to buy Gennifer'sjet ski. Fredrik asks the bank to indicate on the face of the check that it will accept it when Genniferpresents it for payment. If the bank agrees, this will be
a. a cashier's check.
b. a certified check.
c. ateller's check.
d. a traveler's check.
B
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Generally accepted accounting principles require that a business's fiscal year must end on December 31.
Answer the following statement true (T) or false (F)
A special lien enabling a city to seize property because of unpaid taxes is called a(n) ____________________
Fill in the blank(s) with correct word
Schister Systems uses the following data in its Cost-Volume-Profit analyses: TotalSales$400,000Variable expenses 280,000Contribution margin 120,000Fixed expenses 100,000Net operating income$20,000 What is total contribution margin if sales volume increases by 20%?
A. $144,000 B. $158,400 C. $80,000 D. $200,000
Robichau Inc. reported the following results from last year's operations: Sales$6,300,000Variable expenses 4,930,000Contribution margin 1,370,000Fixed expenses 803,000Net operating income$567,000Average operating assets$3,000,000?At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics: Sales$1,530,000 Contribution margin ratio 30% of salesFixed expenses$306,000 ?The company's minimum required rate of return is 20%.?Last year's residual income was closest to:
A. $597,000 B. $567,000 C. ($686,700) D. ($33,000)