In comparing credit cards to other forms of credit, which of the following is false?
A) Credit cards are generally the most expensive form of credit.
B) You should pay the most expensive debt off first.
C) Credit cards can be viewed as a source of funds.
D) A home equity loan is a way of combining credit card and other debt.
Answer: C
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Indicate whether the statement is true or false
List and describe the four major employment settings for sales personnel
What will be an ideal response?
Though a picture can be worth a thousand words, the most important facet of encoding is
A. the sponsor rather than the receiver. B. the self-visualization process. C. not what is sent, but rather what is received. D. not what is received, but rather what is sent. E. who draws the picture.
Compton Company expects the following total sales:MonthSalesMarch$24,000? April$14,000? May$30,000? June$19,000? The company expects 70% of its sales to be credit sales and 30% for cash. Credit sales are collected as follows: 25% in the month of sale, 75% in the month following the sale. The budgeted accounts receivable balance on May 31 is:
A. $14,350. B. $15,870. C. $15,750. D. $22,500.