Which of the following does NOT reduce the length of time of collection float for a firm?
A) Electronic fund transfers (EFT)
B) Lockboxes
C) Direct payment via online checking
D) All of the above reduce the length of time of collection float for a firm.
Answer: D
Explanation: D) All speed up the collection float.
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For consumer products, which of the following is best in tracking a competitor's segmentation and target market strategy.?
A) media advertising B) coupon usage C) trade promotion D) your own sales force
Which of the following is not an example of obvious financial reporting frauds as discussed in the text?
A) Keeping the books open for a few days after the end of the reporting period. B) Transferring assets to an affiliate at more than their actual value. C) Recording as assets expenditures that should have been classified as expenses. D) Recording a liability when title to merchandise passes to the purchaser.
The battle of the forms takes place between a merchant and a nonmerchant
Indicate whether the statement is true or false
A credit company has gathered information regarding the average amount (in $) owed by people under 30 years of age and by people over 30 years by taking independent random samples from both age groups. You are given the following information.
Under 30
Over 30
600
550
n200
300
?2361
400
?
Construct a 95% confidence interval for the difference between the population average amounts owed by the two age groups.
What will be an ideal response?