The ________ is not included in the prefatory parts of a formal report
A) introduction
B) letter of authorization
C) letter of transmittal
D) table of contents
E) executive summary
Answer: A
Explanation: A) The introduction is included in the report as a text part, not a prefatory part.
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Credit terms of a merchandising company are 1/15, net 40. This means that the buyer can receive a discount of 1% if the invoice is paid within 40 days of the invoice date
Indicate whether the statement is true or false
Which of the following is NOT a potential causes of liquidity risk for a DI?
A. A decrease in the DI's stock price caused by market factors. B. An increase in requests to fund large amounts of loan commitments. C. A decrease in the availability of short-term borrowed funds. D. An increase in requests by depositors to withdrawal large amounts of deposits. E. A decrease in asset prices of securities held in the investment portfolio.