The ________________________________________ insures all accounts in member banks up to $100,000 per account.
Fill in the blank(s) with the appropriate word(s).
Federal Deposit Insurance Corporation
FDIC
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On June 12, Candy Suppliers sells $5,000 of goods on account to a credit customer with credit terms 1/10, n/30. Assume the sale is not subject to tax. On June 15, the customer returned $500 of the goods due to defect. Assume the customer pays within the discount period, select the correct entry to record the receipt of the customer's payment:
A.
| Cash | 4,950 | |||
| Sales Discounts | 50 | |||
| Accounts Receivable | 5,000 | |||
B.
| Accounts Receivable | 4,500 | |||
| Sales Discounts | 50 | |||
| Cash | 4,550 | |||
C.
| Cash | 5,000 | |||
| Accounts Receivable | 5,000 | |||
D.
| Cash | 4,455 | |||
| Sales Discounts | 45 | |||
| Accounts Receivable | 4,500 | |||
Real defenses include all but:
a. forgery of the instrument. b. minority of the maker. c. fraudulent alteration. d. theft of a bearer instrument.
A management style that enables workers to make improvements in their workplace is:
A) human resource enrichment. B) management by objective. C) employee empowerment. D) cross-training.
Since Wendy and Heather own a vacation home as joint tenants with the right of survivorship, Wendy cannot transfer her interest in the home during her life
Indicate whether the statement is true or false