If a credit card has a provision allowing you to make purchases beyond the stated credit limit for a fee, it is referred to as
A) a purchase protection plan.
B) over limit protection.
C) a grace period.
D) a first forgiveness provision.
Answer: B
Business
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Monetary damages are not provided in cases involving violation of the ADA
Indicate whether the statement is true or false
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South Sea's sales were $60,000 for 2011 and $45,000 for 2012. Average net receivables were $4,000 for both 2011 and 2012. The receivables turnover for 2011 was ________
A) 15 times B) 24.3 days C) 11.25 times D) 32.4 days
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