A closed-end credit account

A)

is limited to purchases of less than $1,000.
B)

establishes an ongoing line of credit covering future purchases.
C)

must be fully repaid by the end of the billing cycle.
D)

covers a single purchase with a set repayment schedule.


D

Business

You might also like to view...

When implementing an ERP system, it is best to provide all users with access to all menu systems, so they can see what is going on within the system

Indicate whether the statement is true or false

Business

The future value of $7,000 deposited today and compounded semiannually at an 9% annual interest rate for four years is

A) $9,955. B) $9,520. C) $8,100. D) $7,920.

Business

Which of the following would be the BEST closing sentence in a bad-news message?

a. We understand your disappointment in this decision. b. Please do not hesitate to contact us again if you have any further questions. c. To see the video that discusses our two newest investment offers, just phone us at 555-1616 to request your copy. d. We trust you will continue to rely on Carson products in spite of this present difficult situation.

Business

SCENARIO-BASED QUESTIONS ?Email Request To Employees ? Revise the following paragraph from an email message to employees. Focus on the voice, appropriate sentence length, and word selection to make the passage effective. ? With the approach of the

end of this fiscal year, it has been recommended by our accountant that the monies allocated in the budget to capital equipment be used as soon as it is expedient. Therefore, as has been our practice in the past, we are requesting that each of you compile a comprehensive detailed list outlining your requests for new equipment that you may have put on the back burner, so to speak. It would be appreciated if you could provide this information to me by the first of next month so that I can begin to process all orders prior to the expiration of the fiscal year. It is anticipated that a multitude of requests will be simultaneously submitted by department heads; it is highly probable that requests for equipment will be processed in the order received and delayed requests may not be funded. I sincerely appreciate your cooperation in our efforts to upgrade some of our capital equipment.

Business