Cash flow is often managed by organizations through the use of lockboxes and outsourced cash management arrangements with banks
a. True
b. False
Indicate whether the statement is true or false
True
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When deprived of opportunities to converse in what way do we devise other means?
A. face-to-face B. online C. by cell phone D. on Twitter
How does availability of complements act as a value driver?
A. Complements add value to a product by offering an inferior substitute to it. B. Complements add value to a product when they are consumed in tandem with it. C. Complements add value to a product when they imitate it. D. Complements add value to a product by competing with it.
The following information is available on a depreciable asset owned by Mutual Savings Bank: Purchase dateJuly 1, Year 1Purchase price$82,600?Salvage value$11,400?Useful life8 yearsDepreciation methodstraight-lineThe asset's book value is $64,800 on July 1, Year 3. On that date, management determines that the asset's salvage value should be $6400 rather than the original estimate of $11,400. Based on this information, the amount of depreciation expense the company should recognize during the last six months of Year 3 would be:
A. $1958.33 B. $2433.33 C. $4866.67 D. $2700.00 E. $2366.37
The entry to record the issuance of 150 shares of $5 par common stock at par to an attorney in payment of legal fees for organizing the corporation includes a credit to
A) Organizational Expenses B) Goodwill C) Common Stock D) Cash