Question 56

A company purchases a machine tool with an expected life of 3 years. Under the accrual accounting method, the equipment would be treated in which of the following ways?
  • Question 57

    Which of the following concentration transfer alternatives provide the fastest availability of funds?
  • Question 58

    Which two of the following are methods for concentrating weekend deposits in a field deposit system?
    1.Using a wire transfer for the funds on Monday 2.Anticipating deposits and initiating an ACH on Friday 3.Initiating an ACH cash concentration transaction on Thursday
    4.Using a multibank lockbox network
  • Question 59

    A company has asked its marketing, payroll and sales teams to collaborate in finding a solution that could augment its customer base, reduce payroll cost and increase sales. The solution has to be market ready. Which of the following will serve all 3 purposes?
  • Question 60

    Exhibit:

    What is the price to earnings ratio for Company ABC?