Effective cash management and control includes all of the following except

a. The use of a petty cash fund
b. Bank reconciliations
c. Short-term investments of excess cash
d. Purchase of stocks and bonds


d

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Consider a coupon bond that pays $105 every year and repays its principal amount of $1,500 at the end of 3 years. If the annual rate of discount is 7 percent, the present value of the bond is approximately

A. $735.35. B. $765.00. C. $1,395.00. D. $1,500.00.

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In general, the shorter the number of days of needed financing, the ____________________ is the cash flow from operations to average current liabilities

Fill in the blank(s) with correct word

Business

All of the following taxes must be withheld from an employee except ________

a. federal income taxes b. federal unemployment taxes c. state income taxes d. FICA?Medicare

Business

Answer the following statement(s) true (T) or false (F)

1. It was the Landrum-Griffin Act that made closed shops illegal. 2. Unions in the public sector are, essentially, unregulated because there is very little, if any, legislation that deals with public sector unions. 3. At least 40 percent of the employees must sign authorization cards according to the NLRB. 4. The union organizing drive officially begins when employees sign the authorization cards. 5. Just as unions can be certified to be the representative of the employees, they can be decertified as their representative.

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