A cash item in the process of collection is
A) a U.S. Treasury bill that has matured, but for which the bank has not yet received payment.
B) a car loan payment that is due but not yet received by the bank.
C) a check drawn against another bank, from whom the funds have not yet been collected.
D) currency that has been deposited in the bank, but not yet formally counted and entered into the bank's balance sheet.
C
You might also like to view...
Suppose that in a computer factory, if there is 1 worker, 80 computers are produced per week. If there are 2 workers, 150 computers are produced per week. If there are 3 workers, 210 computers are produced per week. Given this information, there
A) is diminishing marginal product. B) are too many workers. C) are not enough workers. D) is increasing marginal product.
Between 1988 and 1989, the price of retail space in Ginza, Tokyo's premier commercial and entertainment center, rose from $400 to $625 per square foot. This was the result of an increase in demand in the face of a perfectly inelastic supply curve for retail space. Economists call this
a. monopoly profit. b. economic rent. c. usury. d. marginal revenue product.
An increase in supply means that:
a. the supply curve has shifted leftward. b. there is an upward movement along the supply curve. c. producers are willing to sell more at each price. d. there is an downward movement along the supply curve.
Consider an industry with two firms producing similar products. Each firm's total cost (in dollars) is given below.Mega Corp: TC = 5,000 + 100QBig Inc: TC = 4,000 + 200QIf each firm is producing 15 units, you would expect:
A. both Mega Corp and Big Inc to reduce output and charge higher prices. B. Big Inc to charge a lower price than Mega Corp. C. Mega Corp to charge a lower price than Big Inc. D. both firms to continue to produce 15 units.