Receipts and disbursements management techniques are aimed at minimizing a firm's financing requirements by taking advantage of certain imperfections in the collection and payment system
Indicate whether the statement is true or false
TRUE
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When a company contacts an applicant during any phase of the interview process, how soon should the candidate respond before they risk losing the opportunity?
A) Within the same business day B) Within 24 hours C) Within 2 business days D) Within 72 hours E) Within the same week
If Houston Company billed a client for $10,000 of consulting work completed, the accounts receivable asset increases by $10,000 and:
A. Revenue decreases $10,000 B. Cash increases $10,000. C. Accounts payable decreases $10,000. D. Revenue increases $10,000. E. Accounts payable increases $10,000.
Uncertainty that the party on the other side of an agreement will abide by the terms of the agreement is referred to as
a. credit risk. b. exchange rate risk. c. interest rate risk. d. price risk.
Richard Bell, an organized crime boss and casino owner, has made a lot of money with his illegal drug operations and illegal gambling. In order to make it look like he earned the drug money legitimately, Richard has hired crooks to take the illegal money and spend it in Richard's casinos in discreet amounts. The crooks are supposed to lose the money on purpose so that the casino can claim this as winnings. What crime is Richard committing in converting his drug money to alleged legal money?
A. money laundering B. misappropriation C. extortion D. embezzlement