Which of the following is a type of volatile memory typically consisting of integrated circuits located close to the central processing unit (CPU)?
A) random access memory
B) flash memory
C) read-only memory
D) bubble memory
A
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The key to having a competitive advantage is the ability to imitate a competitor's strategy
Indicate whether the statement is true or false a. True b. False
The Jackson Supply Company recently started using a regional lock-box collection system. The controller for the company compared the float using the lock-box system with the float using the company's prior, one-location collection system
The controller found that the company was saving $2,600,000 in average float. The bank that provides the regional lock-box system requires that the company maintain a $500,000 compensating balance at all times. The bank also charges service fees of $120,000 annually. Required: Calculate the percentage cost of net funds freed for Jackson Supply Company. What will be an ideal response?