The federal Truth-in-Lending law:
A) requires the lender to show how much profit is made on a particular sale.
B) regulates the maximum cost of credit.
C) is a uniform law made available to all states, like the UCC.
D) is intended to allow comparison of various credit offers or advertisements.
D
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Dividing net sales on account by the average amount of net accounts receivable is the calculation for the
a. accounts receivable turnover. b. working capital turnover. c. merchandise inventory turnover. d. plant and equipment turnover.
Which of the following is NOT an appropriate internal control for cash receipts over the counter?
A) A receipt is issued for each transaction to ensure that each sale is recorded. B) The store clerk deposits the cash in the bank. C) At the end of the day, the manager proves the cash by comparing the cash in the drawer against the machine's record of cash sales. D) The cash draw opens after the store clerk enters a transaction.
What is the cost per box of dry fruits if Crabapples sold 4000 boxes of dry fruit during the year? (Round your answer to the nearest cent.)
Crabapples, Inc. purchases and sells boxes of dried fruit. The following information summarizes its
operating activities for the year:
A) $8.00
B) $42.00
C) $32.13
D) $24.13
Explain why correctly segmenting and then targeting consumers will help a company target its marketing dollars more effectively
What will be an ideal response?