A customer is instructed to send his remittance advice and check to a bank's postal address. This method for collecting customer cash receipts is called:
a. electronic funds transfer
b. automated clearing house
c. Check 21
d. Lockbox
D
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In the ethics training game developed by Lubrizol, what is a good first question for the competing team?
a. How do you access the company’s code of conduct? b. What is the first step in the process for reporting an employee for a code of conduct violation? c. How often should a manager check in with an employee to discuss ethics issues? d. Which of the following might qualify as a fireable ethics violation?
FICA stands for:
a. None of the answers are correct. b. Federal Indemnity Contributors Act. c. Federal Insurance Contributions Act. d. Freedom of Information and Communications Act.
The maturity matching approach calls for matching the maturities of the firm's:
A. long-term liabilities and equity. B. long-term liabilities and current liabilities. C. long-term assets and current assets. D. assets and equity. E. assets and liabilities.
When there are two perfected secured creditors in the same collateral: ______
A) priority goes to the creditor who perfected first. B) priority goes to the creditor who is owed the greatest amount of money. C) each perfected secured creditor has a 50% interest in the collateral. D) both perfected secured creditors are treated like unsecured creditors in regards to the collateral.