Question 116
A company has average monthly sales of $2,700, of which 5 percent is on a cash basis,
with the remaining sold on open account. The company's accounts receivable aging schedule at the end of March is as follows:
What is the company's DSO?
with the remaining sold on open account. The company's accounts receivable aging schedule at the end of March is as follows:
What is the company's DSO?
Question 117
A comprehensive payables service can do all of the following EXCEPT:
Question 118
Which of the following services allows a single account to be used by a company with multiple units?
Question 119
T-bill discount rate = 5.85% T-bill face value = $100,000 Initial term = 90 days
If the U.S. Treasury was considering issuing a 91-day T-bill at the same time as this T-bill, what discount rate would cause both instruments to have the same purchase price?
If the U.S. Treasury was considering issuing a 91-day T-bill at the same time as this T-bill, what discount rate would cause both instruments to have the same purchase price?
Question 120
A portfolio manager's investment policy states that they are not allowed to hold any investments that have extension risk. Which type of investment should the portfolio manager avoid?