A minimum checking account balance that a firm must maintain with a bank to help offset the costs and services such as check clearing and cash management advice is called a _____ balance.?

A. ?transactions
B. ?compensating
C. ?precautionary
D. ?speculative
E. ?convertible


Answer: B

Business

You might also like to view...

If a corporation has only common stock outstanding, book value per share can be determined by dividing the total stockholders' equity by the number of shares outstanding at the end of the year

a. True b. False Indicate whether the statement is true or false

Business

Under what conditions can one or more members of a class sue or be sued as representative of a class? What type of lawsuit can their claims be consolidated into?

What will be an ideal response?

Business

Imagining that your speech is over, you did a good job, the media or presentational slides worked without a hitch, the audience left understanding the topic, and your teacher was impressed with your efforts is called ______.

a. immediacy b. systematic desensitization c. visualization d. mindfulness

Business

Back Bay Company is a price-taker and uses target pricing

Refer to the following information: Production volume 602,000 units per year Market price $32 per unit Desired operating income 15% of total assets Total assets $13,700,000 What is the target full product cost per unit? (Round your answer to nearest cent.) Assume all units produced are sold. A) $32.00 B) $28.59 C) $4.80 D) $27.20

Business