Answer: 1) Drawer = B. Writer of the check. A drawer is who signs the check.
2) Drawee = F. payee. The check is in favor of this person.
3) Endorsement = D. transfer the check.
4) Post-dated check = E. future date. It is a check that can be cashed from a future date.
5) Prove cash = C. reconcile the bank statement.
7) Imaged check = A. substitute check.
Answer:
The correct option is C
Explanation:
Provided rise in price increases the revenue from muffin.
That is by $35,000 to $38,000
Rates per muffin = $2 to $3 revised.
Demand at price of $2 = $35,000/$2 = 17,500 units
Demand at price of $3 = $38,000/$3 = 12,667 units approximately
Thus, with increase in price the demand gets to fall in number, though the revenue has increased.
Since the price is increasing by $1 per unit, thus the range is unit elastic.
The correct statement is C
<span>Categorical -Homeowner
Ratio -Credit Score
Ratio-Years of Credit History
Ratio-Revolving Balance
Ratio-Revolving Utilization
Categorical-Decision
In this case variables that are Ratio are measurable such as credit score, years of credit history, etc. While on the other hand Homeowner and Decision are categorical as they can also be categorized into categories and cannot be measured.</span>
