The advantage of extending credit to customers is that it helps customers to buy products and services, thereby increasing the seller's revenue. The disadvantages of extending credit are costs related to:
A. bad debt expense.
B. increased sales.
C. marketing.
D. increased notes receivable.
Answer: A
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Fill in the blank(s) with the appropriate word(s).
Organization is the key writing principle. If your documents are poorly organized, ________________
a. you should at least make them look good b. only about half of your readers will understand them c. nothing can save them d. consider a new career
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Fill in the blank(s) with correct word
Jamison wrote a check for $500 drawn on Charter Bank and gave it to Donalson. When Donalson presented the check for payment the bank dishonored it for insufficient funds. Donalson may sue:
a. Both Charter Bank and Jamison. b. Jamison only. c. Charter Bank only. d. the Federal Reserve Bank.