Checks received after a certain time can be deferred for posting until the next banking day.
Answer the following statement true (T) or false (F)
True
You might also like to view...
The primary role of today's managerial accountant is to:
A) enter data into the accounting system. B) collect data. C) analyze information and create knowledge. D) prepare tax returns.
Which of the following is true of form messages??
A) ?They produce receiver reaction that is highly unfavorable. B) ?They tend to be too personal. C) ?They cannot be personalized. D) ?They are a fast way of transmitting recurring messages.
A company has a fleet of 200 vehicles. On average, 50 vehicles per year experience property damage. What is the probability that any vehicle will be damaged in any given year?
A) 10 percent B) 20 percent C) 25 percent D) 50 percent
A federal auditor for nationally chartered banks from a random sample of 100 accounts found that the average demand deposit balance at the First National Bank of small town was $549.82 . If the auditor needed a point estimate for the population mean for all accounts at this bank, what would she use?
a. The average of $54.98 for this sample. b. The average of $549.82 for this sample. c. There is no acceptable value available. d. She would survey the total of all accounts and determine the mean. e. Not enough information is given to answer this question.