What is an outstanding check?
A. A check that was written for an amount that is greater than the balance in the account holder's bank account.
B. A check that has been issued by the company but has not been presented to the bank for payment.
C. A check that has been presented to the bank for payment but has not been reported on the bank statement.
D. A check that is guaranteed for payment by the bank.
Answer: B
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Which of the following is a step in one-to-one marketing that can be adapted for CRM marketing?
A) Identify the lifetime value of lost customers. B) Define and measure the retention rate of customers. C) Offer the lowest price for a particular product. D) Distinguish the causes of customer attrition. E) Customize products, services, and messages to each customer.
Rocky Mountain Bottling Company produces a soft drink that is sold for a dollar. At production and sales of 800,000 units, the company pays $600,000 in production costs, half of which are fixed costs. At that volume, general, selling, and administrative costs amount to $250,000 of which $70,000 are fixed costs. What is the amount of contribution margin per unit?
A. $0.40 B. $0.25 C. $0.5375 D. None of these is correct.
A premium reduces the interest expense of a bond over its life.
Answer the following statement true (T) or false (F)
Carducci Corporation reported net sales of $3.6 million and average total assets of $1.1 million. The total asset turnover is:
A. 0.77 times. B. 3.27 times. C. 4.30 times. D. 2.27 times. E. 0.31 times.