What is the principle objective of the cash disbursement system?
The principal objective of this system is to ensure that timely and accurate payments are made to only valid creditors. If the system makes payments early, the firm forgoes interest income that it could have earned on the funds. If obligations are paid late, however, the firm will lose purchase discounts or may damage its credit standing.
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Richard received his credit card bill and noticed an error. He wrote to the company the next week, pointing out the error in his bill. Under the law, what is the credit card's obligation once it receives Richard's letter?
What will be an ideal response?
An agreement too harsh or unfair to be upheld in a court of law is considered to be ____________________
Fill in the blank(s) with correct word
Business purchasing agents may indirectly contribute to the satisfaction of their own personal needs by helping their firms achieve organizational objectives.
Answer the following statement true (T) or false (F)
You want to invest in a stock that pays $5.00 annual cash dividends for the next four years. At the end of the four years, you will sell the stock for $20.00. If you want to earn 12% on this investment, what is a fair price for this stock if you buy it to
A) $40.00 B) $43.90 C) $27.90 D) $25.42