1. The company that you work for had credit sales of $3,500,000 last year and on average had $33,000 in its accounts receivable during that year. What is the average collection period? A) 3.44 days B) 3 days C) 3.66 days
2. Which of the following is a disadvantage of a corporation? A) Unlimited Life B) Unlimited Access to Capital C) Unlimited Liability
3. List three claims, accounting firms in order to prevent claims in negligence proceedings.
4. What are the factors in order of importance that has motivated financial institutions to develop fund-management techniques in recent years.