On March 14 Michael Wrote Checks to the Electric Company

question 39

True/False

On March 14 Michael wrote checks to the electric company for $134.85 and to his dentist for $145.If both checks arrive at the bank on March 17 and Michael has only $230 in his account,the bank may choose which check to pay,or it may pay both checks even if that causes an overdraft.

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Definitions:

Market Share

The percentage of an industry or market's total sales that is earned by a particular company over a specified time period.

Optimal Location

The most favourable geographical position for a business or facility based on factors like cost, accessibility, and market demand.

Firms Locate

The process by which businesses decide where to establish their operations, influenced by factors such as market access, costs, regulations, and infrastructure.

Capital

Capital in a business context represents the financial assets needed for operations, such as funds in bank accounts, inventory, buildings, and machinery.