When the drawee bank receives a properly drawn and payable check, the bank is under a duty to honor the check and charge (debit) the drawer's account the amount of the check if there are sufficient funds in the customer's checking account at the bank

During a period of declining inventory costs, which of the following inventory costing methods should be used by a company that intends to minimize its income tax expenses?

A) first-in, first-out B) last-in, first-out C) weighted-average D) specific identification

Robert Jennings consultants help farmers deliver an incremental animal weight gain of 8 to 12 percent over competitors. This is an example of solutions ________

A) selling to enhance customer revenues B) selling to reduce customer costs C) selling to decrease customer risks D) selling to simplify customer purchasing E) to provide better partnership