Daria writes a check to Education Loan Management, Inc, that is drawn on Daria's account at First Federal Bank. If the bank does not accept the check, liability for its amount is on
A) Daria
B) Education Loan Management.
C) First Federal Bank.
D) no one.
A
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A company purchases merchandise with a catalog price of $28,500. The company receives a 40% trade discount from the seller. The seller also offers credit terms of 1/10, n/30. Assuming no returns were made and that payment was made within the discount period, what is the net cost of the merchandise?
A. $16,571. B. $17,100. C. $11,571. D. $16,929. E. $11,400.
When Fitz and Isabel analyze the results from the recently completed test market to determine if any changes in the marketing mix are needed, they are in the ____ phase of the new-product development process.
A. idea generation B. commercialization C. test marketing D. business analysis E. screening
?Open market operations is a more flexible tool of monetary policy than the discount rate.
Answer the following statement true (T) or false (F)
An auditor's report on comparative financial statements should be dated as of the date of the:
A. Accumulation of sufficient appropriate audit evidence. B. Last related-party transaction disclosed in the statements. C. Issuance of the report. D. Latest financial statements being reported on.