The cash disbursement function is
a. part of accounts payable
b. an independent accounting function
c. a treasury function
d. part of the general ledger department
C
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The Equal Pay Act generally requires employers to:
a. pay the same wage to men and women doing substantially the same work at different companies b. pay the same wage to men and women doing substantially the same work at the same company c. establish equivalencies for various jobs traditionally held by men and women d. all of these
Flexibility, reliability, and safety are all examples of
a. technical feasibility. b. market feasibility. c. assessment of the entrepreneurial profile. d. a good product.
Gilligan Co.'s bonds currently sell for $1,150. They have a 6.75% annual coupon rate and a 15-year maturity, and are callable in 6 years at $1,067.50. Assume that no costs other than the call premium would be incurred to call and refund the bonds, and also assume that the yield curve is horizontal, with rates expected to remain at current levels on into the future. Under these conditions, what rate of return should an investor expect to earn if he or she purchases these bonds, the YTC or the YTM?
A. 3.92% B. 4.12% C. 4.34% D. 4.57% E. 4.81%
Waldron Inc. is considering selling to a group of new customers that will bring in credit sales of $24,000 with a return on sales of 5%. The only new investment will be in accounts receivable. Waldron has a turnover ratio of 6 to 1 between sales and accounts receivable. What is Waldron Inc.'s expected return on investment?
A) 30% B) 25% C) 5% D) 0.8%