A company must do which of the following, if a company maintains a material compensating balance of cash?
a. Disclose the compensating account arrangement in financial statements.
b. Close out the balance prior to year-end.
c. Tie balances to debt covenants.
d. Provide a lockbox for appropriate line-of-credit draws.
a
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Which of the following statements regarding capital expenditures is incorrect?
A) Capital expenditures are purchases of long-term assets. B) The decision to purchase long-term assets is part of a strategic plan. C) Capital expenditures include delivery trucks, computer systems, and manufacturing equipment. D) Installment payments related to the purchase of short-term assets are included in the capital expenditures budget.
Hsu Company reported the following on its income statement: Income before income taxes $420,000 Income tax expense 120,000 Net income $300,000 An analysis of the income statement revealed that interest expense was $80,000. Hsu Company's times interest earned was
A) 8 times. B) 6.25 times. C) 5.25 times. D) 5 times.
In the maximal-flow technique, a zero (0 ) means no flow or a one-way arc
Indicate whether the statement is true or false
The _____ consists of electrical pathways that move information between basic motherboard components.
Fill in the blank(s) with the appropriate word(s).