You write a check to cover a bill of $9,421.82. How would you write the word form of this amount on a check?
A) nine thousand, four hundred twenty-one, 82/100
B) 82/100
C) nine thousand, four hundred twenty-one and 82/100
D) nine thousand, four hundred twenty-one and eighty-two hundredths
C
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Abandoning an existing loss exposure is an example of
A) avoidance. B) retention. C) noninsurance transfer. D) insurance transfer.
_____________ is a paid, nonpersonal communication about an organization and its products transmitted to a target audience through mass media.
A. Personal selling B. Sales promotion C. Merchandising D. Advertising E. Public relations
Drake, Inc., which has fixed costs of $1,400,000, sells three products whose sales price, variable cost per unit, and percentage of sales units are presented in the table below. Product AProduct BProduct CSales Price$16.00 $48.00 $103.00 Variable Cost$8.00 $30.00 $85.00 Sales Mix 40% 50% 10%a. What is the weighted average unit contribution margin?b. At the break-even point, how many units of Product A must be sold?c. To make a profit of $910,000, how many units of Product B must be sold?
What will be an ideal response?
Which of the following would be most commonly used for long-term financing?
a. insurance companies b. trade credit c. finance companies d. leasing companies