Checks issued during the period that have been presented to the bank for payment and have been paid during the period are known as
a. postdated
checks; b. cancelled checks; c. checks in transit; d. dishonored checks;
e. returned checks.
B
You might also like to view...
For purposes of the host country's labor laws, a dependent agent is considered:
a. the principal's independent contractor. b. the principal's representative. c. the principal's employee. d. None of the above
The managers at Camphor Plastics decided that their firm needed to diversify because of overall falling sales and lower performance in one sector. How does diversifying compensate for the lackluster performance in this sector?
A. by having higher performance in another sector B. by increasing the firm's risk in another sector C. by motivating managers D. by sharing their market power
The collection period is:
A) The time it takes to acquire and sell inventory B) The time from the sale of the product until funds are actually received C) The time creditors give to pay D) The time between ordering inventory and having a full inventory
Dizzy is not Edwina's agent but enters into a contract with Frida on Edwina's behalf. Edwina later contacts Frida to approve the contract. This is
A. an agency by agreement. B. an agency by estoppel. C. an agency by ratification. D. not the creation of an agency relationship.