The lockbox process allows a company to post cash receipts more rapidly, at reduced cost and with more security and accuracy.
Answer the following statement true (T) or false (F)
True
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Communications should be:
a. necessary, neat, nurturing, nice, and natural. b. clear, concise, courteous, complete, and correct. c. clear, candid, courteous, considerate, and correct. d. short, specific, snappy, straightforward, and succinct.
Which of the following ratios is calculated to help determine the liquidity of a firm?
A. Inventory turnover ratio B. Quick ratio C. Total assets turnover ratio D. Debt ratio E. Net profit ratio
Mary Pickford is an analyst for Munford Stanley, an investment banker. She has touted the stock, an initial primary offering (IPO), of an obscure biotech firm as a "must buy.". Munford Stanley is the underwriter for the IPO. Pickford:
a. Does not have a conflict of interest. b. Has a conflict of interest, but it is acceptable in IPOs. c. Has a conflict of interest that must be disclosed to all purchasers. d. Does not have a conflict of interest, but Munford Stanley does. e. None of the above
During the growth stage of the product life cycle:
A. there is little emphasis on the distribution strategy B. demand for the product is limited to high-income consumers C. prices increase due to economies of scale D. there is decreased direct competition E. profits peak