What is the average daily float
In a typical month, the Jeremy Corporation receives 80 checks totaling $156,000. These are delayed four days on average. What is the average daily float?
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Explain how financial markets work in the U.S. What is the role of ethics and compliance in finance?
A company's board of directors' votes to declare a cash dividend of $0.75 per share. The company has 15,000 shares authorized, 10,000 issued and 9,500 shares outstanding. The total amount of the cash dividend is:
Leisure Attire Corporation discontinued Princess Fashions, its entire line of children's clothing, in November of 2001. Prior to the disposal, Princess Fashions generated a loss of $300,000 (net of tax) for the period from January through the sale
A corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During the first month of operation, the corporation issued 300 shares to its attorneys in payment of a $5,000 charge for drawing
"An increase in productivity with respect to any one good increases our options for producing and consuming all other goods." Which of the following best explains the meaning of that statement?
Chelsea Corporation's financial statements for the current year include the following:On the basis of this information, net income for the current year is:
The demand for tobacco is price inelastic. Suppose there is a drought that destroys a large portion of the tobacco crop. What will happen in the market for tobacco?
During the year 2002, Starlight Corporation suffered a $500,000 loss when its factory was destroyed in a flood. Assuming the corporate income tax rate is 32%, what amount will Starlight report as an extraordinary loss on its income statement for 2
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