Which of the following is described as a system where customers send their checks directly to a post office box that belongs to a bank?
A) an encryption system
B) an imprest system
C) a lock-box system
D) a firewall system
C) a lock-box system
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A service department provides specific functional tasks for other internal units. Which of the following activities would not be engaged in by a service department?
a. purchasing b. warehousing c. distributing d. manufacturing
A company paid a cash dividend of $0.88 per share during the current year, and reported 18,000 shares of common stock issued, and 2,000 common shares in treasury stock during the current year. The year-end market price per share was $27.50. Calculate the following: (1) total amount of cash dividends paid to common shareholders, and (2) dividend yield.
What will be an ideal response?
A risk averter is someone unwilling to undertake risky investments, regardless of the potential return
Indicate whether the statement is true or false
On September 1, Jennings, a used-car dealer, wrote a letter to Wheeler in which he stated, "I have a 1955 Thunderbird convertible in mint condition that I will sell you for $13,500 at any time before October 9. [Signed] Jennings." By September 15, having heard nothing from Wheeler, Jennings sold the Thunderbird to another party. On September 29, Wheeler told Jennings that he accepted the offer and tendered $13,500. When Jennings told Wheeler he had sold the car to another party, Wheeler claimed Jennings had breached their contract. Is Jennings in breach? Explain.
What will be an ideal response?