"Float" takes place because
A) a firm is early in paying its bills.
B) the level of cash on the firm's books is equal to the level of cash in the bank.
C) a lag exists between writing a check and clearing it through the banking system.
D) a customer writes checks without adequate supporting balances.
C) a lag exists between writing a check and clearing it through the banking system.
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All of the following are tips from Peter Drucker for improving leadership except which
A. Change leadership styles according to the situation. B. Develop action plans that specify desired results. C. Listen first, speak last. D. Take responsibility for decisions. E. Focus on opportunities rather than problems.
When employees exercise share options, the company records the gross proceeds received from the employees exercising options as cash inflows from investing activities
Indicate whether the statement is true or false
Recruiters typically spend about three minutes looking at each résumé during the initial screening of applications
Indicate whether the statement is true or false
Which of the following is NOT true regarding remedies for default of a security agreement?
a. After default, the secured party has the right to take possession of the collateral so long as judicial process is followed. b. After properly taking possession of the property, the secured party may then dispose of the collateral at a public or private sale. c. If there is a surplus from the sale of collateral, the secured parry is required to return it to the debtor. d. If there is a deficiency from the sale of collateral, the debtor remains liable for that amount