With the use of credit cards, _____.
A. you cannot avail warranty on products purchased through the card
B. you can easily borrow money when you really need it
C. you are exempted from paying any annual usability fee
D. you get a grace period of 120 days to make outstanding payments
Answer: B
You might also like to view...
Currently the cost structure is such that the company cannot achieve its profit objective and must cut costs. If variable costs cannot be reduced, how much reduction in fixed costs will be needed to achieve the desired target? Show all computations.
Dynamo Company is a price-taker. The company produces generators in a highly competitive market; thus, it uses target pricing. The current market price is $600 per unit. The company has $18,500,000 in average assets, and the desired profit is a return of 8% on assets. Assume all products produced are sold. The company provides the following information:
On September 1, Year 1, Orville Corporation has unrestricted Retained Earnings of $600,000, Appropriated Retained Earnings of $400,000, Cash of $850,000, and Accounts Payable of $50,000. What is the maximum amount that can be used for cash dividends?
A. $450,000 B. $600,000 C. $850,000 D. $800,000
There are criminal penalties for violations of RESPA
Indicate whether the statement is true or false
Under a Chapter 11 bankruptcy, a creditors' committee of the debtor's largest creditors is formed to supervise reorganization
a. True b. False Indicate whether the statement is true or false