Your credit card company is required to send you a notice 45 days before they can increase your interest rate, change certain fees (such as annual fees, cash-advance fees, and late fees), or make other significant changes to the terms of your card

Indicate whether this statement is true or false.


Answer: TRUE

Business

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To the extent that a country sells more goods and services abroad than it buys, there will be:

A) a greater demand for its currency. B) a surplus production of goods and services. C) a scarcity of goods and services within the country. D) a need for revaluation of its currency. E) time for fluctuating its currency.

Business

Abbott Company purchased $6,500 of merchandise inventory on account. Abbott uses the perpetual inventory system. Which of the following entries would be required to record this transaction?

A.

Inventory6,500 
Accounts Payable 6,500

B.
Accounts Payable6,500 
Inventory 6,500

C.
Cost of Goods Sold6,500 
Accounts Payable 6,500

D.
Accounts Payable6,500 
Purchases 6,500

Business

A Six Sigma Champion is a full-time Six Sigma expert that is responsible for training, mentoring, deployment, and results

Indicate whether the statement is true or false.

Business

Consider the following time series data. Suppose that you use exponential smoothing with an alpha of 0.7 to fit a forecasting model. The forecast for period 7 is

Period Forecast Actual value Period 1 10 10 Period 2 10 11 Period 3 10.7 9 Period 4 9.51 12 Period 5 11.253 13 Period 6 12.476 11 A) 10.443 B) 12 C) 9.443 D) 12.443 E) 11.443

Business