1.) If a company has high levels of Accounts Receivables with favorable payment terms to...
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Finance
1.) If a company has high levels of Accounts Receivables with favorable payment terms to clients, the cash management policy is classified as (select one)
a. relaxed
b. chill
c. restricted
d. moderate
2.) This technology allows a company to scan and deposit physical checks into images from their office for overnight credit.
a. remote check scanner
b. preauthorized debits
c. smart safe
d. lockbox
3.) Cash held in reserve for unforeseen needs are defined as (select one)
a. precautionary balances
b. compensating balances
c. transactional balances
d. speculative balances
4.) If a company is selling to Walmart, and Walmart requires the company never run out of inventory, a level of safety stock is a prudent inventory management system,
Select one:
True
False
5.) An AR Aging Schedule or Report includes all of the following except: (select one)
a. Customer name
b. Date of report
c. Days past due since invoice
d. Balances owed by the customer
e. Products purchased by the customer
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