Jeannine Uses Excel to Track Her Check Register

question 39

Multiple Choice

Jeannine uses Excel to track her check register. Column A is the date, Column B is the check number, Column C is the transaction description, Column D is the check amount, Column E is the deposit amount, and Column F is the balance. Which formula could be used in the balance column that would give a correct balance regardless of whether the transaction was a withdrawal or a deposit? Assume the starting balance is located in Cell F4 and the transaction is in Row 5.

• A) =F4-D5+E5
• B) =F4+D5-E5
• C) =F4-D5
• D) =F4+E5

Understand the effects of competition on pricing decisions and market dynamics.

Assess how pricing decisions can create value for customers and the firm.

Know the difference between various pricing orientations and strategies.

Grasp the relationship between pricing strategies and profit objectives.

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Definitions:

Hold Back

The act of withholding part of a payment or benefit until certain conditions are met or to exert control or influence over a situation.

Bona Fide Purchaser

A person who buys something in good faith without notice of any previous claim or lien against the property.

Good Title

A rightful or legitimate claim to the ownership of property or legal recognition of the ownership of property.