?Which of the following statements is correct about cash management systems?
A. ?A lockbox system is useful in concentration banking.
B. ?A firm that has many divisions operating over a wide geographic area will find that payables centralization offers little benefit.
C. ?Disbursement float refers to the value of the checks deposited but the amount is not available in the account.
D. ?There are no actions a firm can take to improve its synchronization of cash flows.
E. ?Zero-Balance accounts help in managing the cash receipts of a firm.
Answer: A
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A. Promotion B. Employee of the year award C. Commission D. Bonus E. Meaningful work
Burger Barn has been named as a plaintiff in a $5 million lawsuit filed by a customer over the addictive nature of the company's burgers. Burger Barn's attorneys have advised them that the likelihood of a future obligation from the suit is remote. What should Burger Barn do as a result of the information that is available?
A. Ignore the lawsuit in its financial statements B. Disclose the lawsuit in the notes to the financial statements C. Recognize a $5 million liability on its balance sheet for the contingency D. Settle with the customer immediately for $5 million to avoid harmful publicity
Financial analysts provide recommendations to their clients about what company to buy (invest) but not what company to sell (divest)
Indicate whether the statement is true or false.
A function or a service that is provided by all the instances of a class best defines:
A) encapsulation. B) task set. C) operation. D) multiplicity. E) response.