Luc Writes a Check for $1,000 Drawn on Ridgetop Bank

question 70

Multiple Choice

Luc writes a check for $1,000 drawn on Ridgetop Bank and presents it to Bianca.Bianca presents the check for payment to Ridgetop Bank,which dis-hon-ors it for insufficient funds.The party most likely liable to Bianca is

• A)Luc in a civil suit.
• B)Luc in a criminal prosecution.
• C)Ridgetop Bank in an administrative proceeding.
• D)neither Luc nor Ridgetop Bank.

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Definitions:

Customers Served

A metric or measure indicating the number of clients or customers who have been provided with services or goods by a business within a specific time frame.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, providing more accurate budgeting comparatives.

Variable Cost Estimates

Projections of costs that fluctuate with changes in production volume or activity levels, such as materials and labor.

Net Operating Income

A measure of a company's profitability, calculated as the revenue from operations minus the operating expenses, excluding interest and taxes.