Some companies use automated payment processing technology in which paper checks that may arrive at a lockbox are converted into electronic payments then the check itself is destroyed. This process is referred to as ?
A) internal control over payments.
B) Check 21.
C) accounts receivable conversion.
D) electronic funds transfer.
C
You might also like to view...
Products that have been completed and are ready to be sold by the manufacturer are called:
A. Finished goods inventory. B. Raw materials inventory. C. Work in process inventory. D. Factory supplies. E. Cost of goods sold.
Why is the first thing the audience hears in your presentation key to careful planning of the presentation?
A) The audience needs a few minutes to focus on the topic B) The audience will better understand key points to look for in the presentation C) The audience is likely to remember the first things they hear D) The audience is likely to let their minds wander later in the presentation E) The audience will be able to apply their personal goals to the presentation
What are the trade-offs an entrepreneur faces between debt and equity financing?
What will be an ideal response?
Which statement about the management plan is INcorrect?
a. Potential investors are generally more interested in the financial plan than the management plan. b. Some needs for management talent can be met through a board of directors or an advisory board. c. The plan should identify necessary managerial skills and how managerial activi-ties will be organized into positions. d. When you create a business plan, the complete management team may be un-known. e. It should open with a restatement of key management roles and requirements.