The opening balance in your checking account was $1000
During the month you had the following activity: wrote two checks for $45.00 and $75.00 but only the first one cleared; had two debit card transactions for $50 and $35.20; received a bank charge for the account of $6, deposited a check you received from a friend for $100 but it did not clear by month end. What is your month end account balance?
A) $1052.13
B) $875.45
C) $863.80
D) $888.80
Answer: C
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Payment for shelf space by manufacturers to supermarkets illustrates _____
a. the role of manufacturers' representatives b. channel power by a retailer c. channel cooperation by retailers d. competition in the marketplace
In accordance with the Bills of Exchange Act, in which of the following transactions will a consumer note be created:
A) Jennifer a housewife, signs a a promissory note in favour of her neighbour Dan in exchange for a loan from him. B) Jasper buys a car and gives the car dealership 10 post dated cheques to cover the payments over a 10 month period. C) Mary buys a new sofa from a retail store and writes a cheque as payment. D) B and C E) All of the above
During Year 2, Chico Company earned $1,950 of cash revenue, paid $1,600 of cash expenses, and paid a $150 cash dividend to its owners. Based on this information alone, which of the following statements is not true?
A. Cash inflow from operating activities was $200. B. Total assets increased by $200. C. Net income amounted to $350. D. Cash inflow from operating activities was $350.
The federal government and the states have the same constitution
a. True b. False Indicate whether the statement is true or false