Alliance Software began 2016 with accounts receivable of $115,000. All sales are made on credit. Sales and cash collections from customers for the year were $780,000 and $700,000, respectively. Cost of goods sold for the year was $450,000. What was Alliance's receivables turnover ratio (rounded) for 2016?

A blanket mortgage usually encumbers:

a. several mortgages b. an underlying wraparound mortgage c. several parcels of real property d. household goods such as bedding, appliances, and other chattel belongings

Which of the following statements is FALSE?

A) A dollar received one year from now will be worth more than a dollar received today. B) On monthly compounding loans, the annual percentage yield will be less than the nominal or quoted rate of interest. C) Compounding essentially means earning interest on interest on an initial balance. D) Perpetuities pay an equal payment forever.