The words "bank," "trust," "trustee," or related words may not be a part of the corporate name unless the certificate of approval of the Superintendent of Banks is attached to the articles of incorporation
Indicate whether the statement is true or false.
T
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Espat Corp reported net sales (all on credit) of $1,600,000 and cost of goods sold of $1,100,000 for 2016 . Its beginning balance of Accounts Receivable was $150,000 . The accounts receivable balance decreased by $10,000 during 2016 . Rounded to two decimal places, what is Espat's accounts receivable turnover rate for 2016?
a. 7.59 b. 10.32 c. 10.67 d. 11.03
Examples of ownership-control risks include tariffs on exports and imports, as well as restrictions on exports.
Answer the following statement true (T) or false (F)
Describe each of the cash management alternatives discussed in this chapter
What will be an ideal response?
Stocks represent a legal obligation for the issuing company to pay dividends, whether the company has made a profit or not
Indicate whether this statement is true or false.