Which one of the following items would be subtracted from the balance per bank statement in a bank reconciliation?
a. Outstanding checks
b. Deposit in transit
c. Service charges
d. Interest on customer note
a
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Imagine a team that has to decide how to launch a new product in a global market, which requires exchanging information with members from many different parts of the world. What type of reward system would be best for such a team?
a. Competitive. b. Cooperative. c. Performance-based. d. No rewards should be offered.
Molly leaves her car with Happy's Garage to replace her tires. Sally, who owns the same model car as Molly, mistakenly takes Molly's car from Happy's Garage. One mile away from Happy's Garage, Sally crashes the car. Molly sues Happy's Garage. Can Happy's Garage recover from Sally?
The setup cost to make a carpet is $20 per setup. The holding cost is $2.00 per yard per year, and the annual demand is 12,000 yards. The manufacturing facility operates 300 days, and 120 yards of the carpet are produced per day. Given this information, what is total annual setup cost?
A. $600 B. $500 C. $400 D. $300
Doug takes a $500 check drawn by Gail to Gail's drawee bank to cash it. Gail has over $10,000 on deposit in her account. If her bank refuses to pay Doug:
a. Doug can sue the bank and demand payment. b. if the check is over 30 days old, the bank has a right to refuse payment. c. the bank has incurred a liability to Gail for its improper refusal to pay the check. d. All of these.