A News Report Stated That Movie Attendance Was Up in the First

question 34

Multiple Choice

A news report stated that movie attendance was up in the first quarter of 2009 due to the recession. Which of the following might explain this?

• A) Blockbuster reduced its prices for DVD rentals.
• B) The cost of making movies increased.
• C) The price of going to a movie increased.
• D) Movies are inferior goods.

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Definitions:

Checks Written

Documents ordering a bank to pay a specific amount from the check writer's account to the person in whose name the check has been issued.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those presented on a bank statement to ensure accuracy and consistency.

Outstanding Checks

Checks that have been written and recorded in the paying entity's cash records but have not yet cleared the bank account.

NSF Check

A check that cannot be processed because the account on which it was drawn lacks sufficient funds, standing for Non-Sufficient Funds.