Imprest payroll account What is an imprest payroll account and why is it used by companies?
Cash is deposited into an imprest payroll account as needed to cover payroll checks as they are issued. The account would be reduced to a zero balance if all checks are cashed by the employees. The imprest account provides additional control by restricting access to the general corporate cash account and facilitating bank account reconciliation because payroll checks usually clear the bank within a short period of time.
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A bottleneck ______.
A. requires major investment to resolve B. is usually a long-term issue C. is a limit or constraint on the workflow in an operation D. cannot be eliminated in a short span of time
Directors usually declare dividends less than the legal maximum and thereby allow retained earnings to increase as a matter of corporate financial policy. Which of the following is not a valid reason for this practice?
a. Available cash did not increase by as much as the amount of earnings, so paying the maximum legally permitted dividends would require raising more cash. b. Restricting dividends in prosperous years may permit continued level or steadily growing dividend payments in poor years. c. The firm may need funds for expansion of working capital or for plant and equipment. d. The firm can distribute the funds to shareholders with lower tax burdens for them by using the cash to repurchase shares. e. The firm can distribute steadily growing dividend payments to shareholders thereby increasing the market value of the firm's common stock and increasing the earnings multiple that investors apply.
Which of the following terms refers to people recognized by an industry for contributing original perspectives to their field?
A) executive managers B) team leaders C) consumer advocates D) thought leaders E) industrial specialists
Against a charge of a violation of the Securities Act of 1933, only an issuer of stock can assert the due diligence defense
a. True b. False Indicate whether the statement is true or false