Refer to the following bank reconciliation:

Bank Book
Balance, June 30, 2017 $11,240 Balance, June 30, 2017 $10,200
Add: Add:
Deposit in transit 3,110 Note collected by bank 2,100
Interest revenue 55
Less: Less:
Outstanding checks #506 1,200

What will be an ideal response

Cash 2,100
Note Receivable 2,100

Business

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Harley-Davidson's HOG membership:

A) fosters open communication with customers. B) mainly exists to provide Harley with needed extra income. C) is a marketing gimmick with little relevance to A-plus information. D) is a special perk available to only the most avid motorcycle riders.

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Which one of the following statements concerning sales and operations planning alternatives is BEST?

A) Building anticipation inventory during the slack season is a demand management option a firm can follow to satisfy seasonal demand patterns. B) Adjusting workforce levels is an attractive reactive alternative when the cost of training and unemployment compensation is high. C) Creating anticipation inventory has the advantage of increasing customization. D) Using overtime is an undesirable option when the overtime wage premium is high and sustained levels of top worker productivity are important.

Business