Individual debtors must receive credit counseling before filing a bankruptcy petition under most circumstances

a. True
b. False
Indicate whether the statement is true or false


True

Business

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Monarch Company uses a weighted-average perpetual inventory system, and has the following purchases and sales:January 120 units were purchased at $10 per unit.January 1212 units were sold.January 2018 units were purchased at $11 per unit.What is the value of ending inventory? (Round average cost per unit to 2 decimal places and final answer to the nearest dollar.)

A. $398. B. $278. C. $272. D. $120. E. $126.

Business

An entity that processes checks and electronic fund transfers for banks and other financial organizations is called a ________.

A. float B. credit union C. bearer D. clearinghouse

Business

The party who issues a promissory note is called the payee

Indicate whether the statement is true or false

Business

Using a perpetual inventory card is helpful to keep track of the inventory of supplies

Indicate whether the statement is true or false.

Business