Which of the following acts gives the responsibility as the lender of last resort? to the central bank in the U.S?
A. ?National Bank Act
B. ?Federal Reserve Act
C. ?Bank Holding Company Act
D. ?McFadden Act
Answer: B
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A weekly reconciliation of cash receipts would include comparing
a. the cash prelist with bank deposit slips b. the cash prelist with remittance advices c. bank deposit slips with remittance advices d. journal vouchers from accounts receivable and general ledger
A senser is a people-oriented individual who is sensitive to people's needs.
Answer the following statement true (T) or false (F)
The study of an individual financial statement item over several accounting periods is called:
A. Vertical analysis. B. Ratio analysis. C. Time and motion analysis. D. Horizontal analysis.
A company's ability to support varying rates of production is BEST described as:
A) volume flexibility. B) variety. C) consistent quality. D) development speed.