A coinsurance clause provides that after the lapse of a specified time the insurer cannot dispute the policy on the ground of misrepresentation or fraud of the insured or similar wrongful conduct
Indicate whether the statement is true or false
False
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The letter M, in the CAMELS rating system, which is used to assess the health of the banks, stands for _____.
A. management B. money market account C. mortgage D. maturity
Masspersonal communication is best reflected in which example?
a. the Obama campaign using text messages to announce campaign decisions b. the number of Facebook posts you had in one day c. the nightly news on a television channel you flipped to d. an engagement announcement at your parents’ house
Answer the following statements true (T) or false (F)
1. To help prevent theft by the sales clerk, at the end of each day, the manager proves the cash by comparing the cash in the drawer against the cash register&#s record of cash sales. 2. To ensure that there is no collusion between the manager and sales clerks, the accounting department employees deposit the cash in the bank and use the deposit slip to prepare the journal entry for cash receipts and sales revenue. 3. As a part of the internal control over cash receipts by mail, the mailroom sends both the customer checks and the remittance advices to the accounting department. 4. Regarding controls over cash receipts by mail, the accounting department should prepare the deposit ticket from the remittance advices. 5. For strong controls over cash receipts, the checks to be deposited should be sent to the treasurer, and the remittance advices should be sent to the accounting department.
Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method?
A) a decrease in inventory B) a decrease in accounts payable C) preferred dividends declared and paid D) a decrease in accounts receivable