A check on which a bank is both the drawer and the drawee is a:
A. cashier's check.
B. certified check.
C. stale check.
D. personal check.
Answer: A
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April and Cammy are partners who have agreed to admit Elena, who will invest $30,000 for a 20 percent interest. The previous capital balances were $30,000 and $60,000 for April and Cammy, respectively. April and Cammy had shared profits equally. The entry that records Elena's admission to the partnership is:
A) Cash 30,000 Elena, Capital 30,000 B) Cash 30,000 April, Capital 3,000Cammy, Capital 3,000Elena, Capital 24,000 C) Cash 24,000 Elena, Capital 24,000 D) Elena, Capital 6,000 Cash 6,000
A new product carries a low price for a limited period of time to attract customers in what type of pricing strategy?
A. price bundling B. penetration pricing C. specialty pricing D. price skimming E. trial pricing
Stella is fifteen. In most states, for contractual purposes, Stella would be considered a minor until she is A) sixteen
B) eighteen. C) seventeen. D) ?twenty-one.
Ethics is a set of rules that the government enforces and that constrain the behavior of members of society
a. True b. False Indicate whether the statement is true or false