How are interest rates normally set for lines of credit?
What will be an ideal response?
Interest rates are normally variable, depending on some publicly announced rate such as the bank's own prime rate or U.S. government treasury bills.
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According to the text, a basic rule of research is to examine secondary data first
Indicate whether the statement is true or false
Final Analytical Procedures and Disclosures When auditing Global Alliance Industries, Inc, the auditor performed extensive analytical procedures and found the following: (a) The commission expenses as a percentage of sales has stayed constant for
several years, but has increased significantly in the current year. However, commission rates have not changed. (b) The rate of inventory turnover has steadily decreased for the past four years. (c) The inventory as a percentage of current assets has steadily increased for the past four years. (d) The number of days' sales in accounts receivable has steadily increased for three years. (e) The allowance for uncollectible accounts as a percentage of accounts receivable has steadily decreased for three years. (f) The absolute amounts of depreciation expense and depreciation expense as a percentage of gross fixed assets are significantly smaller than in the preceding year. REQUIRED: (1) Evaluate the significance of not disclosing or adjusting these items, if material, in the fair presentation of financial statements. (2) When assessing disclosures, what criteria do auditors use?
A business that accepts payments by credit and debit cards ________.
A) is usually unable to attract more customers B) must check each customer's credit rating C) generally receives proceeds from credit and debit card transactions 30 - 45 days after the sale D) almost always pays a fee to the processor to cover the processing costs
A firm has a huge amount of individual customer data saved in different databases. Which of the following can be used to integrate, analyze, and apply the available information effectively?
A) online market research tools B) integrated marketing systems C) CRM systems D) internal survey methods E) quality assurance tools