Let’s Say You Want to Open a Shoe Store That

question 136

Multiple Choice

Let’s say you want to open a shoe store that will specialize in high-end shoes. But before you do, you want to determine how many pairs of shoes you have to sell in the first year to break even (have no profit or loss) . You also want to know what your profit will be in year two. You have been busy estimating some revenues and costs. Here is what you have so far:

-What is the contribution margin per unit?

• A)$160
• B)$ 150
• C)$70
• D)$80

Describe the process and timelines associated with stopping payment on a check.

Recognize the legal protections and remedies available to consumers in cases of check fraud or bank error.

Comprehend the procedural aspects of depositing checks and the subsequent availability of funds.

Explain the responsibilities of banks in honoring or dishonoring checks, including postdated checks and checks drawn on a deceased person’s account.

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Definitions:

Feeling Faint

A transient light-headedness or sensation of near loss of consciousness.

Panic Disorder

A psychiatric disorder characterized by recurrent, unexpected panic attacks and fear of future attacks.

Generalized Anxiety Disorder

A mental health condition characterized by persistent and excessive anxiety and worry about various aspects of daily life, often unlinked to any specific cause.

More Intense

Having a greater degree of strength, severity, or concentration for a particular feeling, situation, or characteristic.