The Bank Charges a Fee of $25 for Each of Six

question 36

Short Answer

The bank charges a fee of $25 for each of six NSF checks that were returned during the month. If the bank statement balance after outstanding checks are deducted is $12,543.24, what will the balance be after the fees are deducted?

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Definitions:

Full-Line Forcing

A sales strategy where a supplier requires a retailer to carry its entire product line to obtain any of the supplier's products.

Tying Arrangement

A business practice where a seller requires a buyer to purchase another one of the seller's products as a condition of purchasing the desired product.

Exclusive Dealing

An agreement between a supplier and a retailer or distributor in which the retailer agrees to only purchase from that supplier and not from its competitors.

Full-Line Forcing

A business practice where a supplier requires retailers to stock an entire range of products in order to carry any of the supplier's items.