An advantage of providing multiple financial services within one financial institution is that it
A) lowers information costs.
B) develops broader long-term relationships with customers.
C) both A and B of the above.
D) none of the above.
C
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Gray Financial Services, Inc invested $33,000 to acquire 6,250 shares of Mitt Investments, Inc on March 15, 2013
This investment represents less than 20% of the investee's voting stock. On May 7, 2017, Gray Financial Services, Inc sells 2,500 shares for $19,250. When the journal entry to record the sale is made, ________. A) Gain on Disposal will be credited B) Long-term Investments-Available-for-Sale will be debited C) Cash will be credited D) Long-term Investments-Held-to-Maturity will be debited
Services high in ________ are those services that have characteristics the buyer normally finds hard to evaluate even after consumption
A) trial qualities B) search qualities C) experience qualities D) privacy qualities E) credence qualities