If a credit memo appears on a bank reconciliation, this could be an indication that:

a. there has been a decrease the company's bank account
b. there has been a bank service charge
c. there has been a deposit of a customer's NSF check
d. there has been a note receivable for the company that was collected by the bank.


d

Business

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Licensing agreements generate revenue while minimizing risk and start-up investment costs. 

Answer the following statement true (T) or false (F)

Business

Dondi contracts to buy a custom espresso maker from Caffee Specialties, Inc, for $4,500, but Caffee fails to deliver. Dondi buys the appliance else-where for $5,500 . Dondi's measure of damages is

a. $1,000. b. $1,000 plus incidental damages. c. incidental damages only. d. $0

Business

The disbursements section of a cash budget consists of all cash payments for the period except cash payments for dividends.

Answer the following statement true (T) or false (F)

Business

Unless a bond defaults, an investor cannot lose money investing in bonds

Indicate whether the statement is true or false

Business