A customer sends payment to a post office box which is emptied by a firm's bank daily. The bank then processes the payments and notifies the firm of the day's collections. This collection technique is known as ________
A) a direct send
B) concentration banking
C) the lockbox system
D) controlled disbursing
C
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Companies with high brand awareness can more easily introduce new products and enter new markets
Indicate whether the statement is true or false
A company's income statement showed the following: net income, $125,000 and depreciation expense, $30,300. An examination of the company's current assets and current liabilities showed the following changes: accounts receivable decreased $9500; merchandise inventory increased $18,200; and accounts payable increased $3500. Calculate the net cash provided or used by operating activities.
A. $160,500. B. $179,500. C. $124,100. D. $119,000. E. $150,100.
Which of the following is/are true regarding the classification of redeemable preferred shares on the balance sheet?
a. The classification of redeemable preferred shares on the balance sheet depends on the conditions for redemption. b. If only the issuing firm has the option to redeem, then the preferred shares are part of its shareholders' equity. c. If the issuing firm must redeem the preferred shares (so-called "mandatory redemption"), either at a specified time or upon a specified condition certain to occur, the issuing firm treats the preferred shares as a liability. d. If the preferred shareholders have the option to require redemption, then the preferred shares appear between liabilities and shareholders' equity under U.S. GAAP and as a liability under IFRS. e. all of the above
The suggested salary to attract top performers is in the range of what percentile of the market?
What will be an ideal response?