Which of the following statements is true regarding a credit memorandum?
a. A credit memorandum is subtracted from the balance per the company's books.
b. A credit memorandum could be issued for bank service charges.
c. A credit memorandum is issued when a customer gives the company an NSF check.
d. A credit memorandum is added to the balance per the company's books.
d
You might also like to view...
Trendz Inc is a leading brand of fashion clothing and accessories based in Houston. After gaining a strong foothold in the US, the company wants to foray into foreign markets
The management at Trendz knows that people residing in other countries are likely to have different tastes and preferences, so they may have to redesign some of their offerings. Which of the following strategies is Trendz using? A) market-penetration strategy B) outsourcing strategy C) geographic-expansion strategy D) product differentiation strategy E) ethnocentric strategy
Circus Pizza contracted with Art to run its birthday parties. Art's responsibilities included supervising the children and organizing the games. Circus did not investigate Art's background, which included a history of assaulting children. Art assaulted a 7-year-old girl in the restaurant's kitchen during a birthday party. Circus Pizza:
a. cannot be liable for the damages because Art committed an unforeseeable intentional tort. b. cannot be held liable for the damages because Art's conduct was not in the scope of employment. c. may be held liable on the basis of negligent hiring. d. may be held liable only if Circus actually knew of Art's background.
A(n) ________ is a defined-contribution pension plan in which an employer contributes a set percentage of each vested employee's salary to his or her retirement account; annual investment earnings and losses are added to or subtracted from the account balance.
A. profit-sharing plan B. simplified employee pension C. employee stock-ownership plan D. money-purchase plan
Meeting highlights provide a summary of what went on during the meeting. _________________________
Answer the following statement true (T) or false (F)