FastBucks Inc. has offered to set up a concentration banking system that will save three days of mail float and one day of presentation float. Your receivables average $20,000 per day and the opportunity cost of funds is 6 percent. How much would you be willing to pay FastBucks annually to administer the system perpetually?

At the conclusion of an audit, an auditor is reviewing the evidence gather in support of the financial statements. with regard to the valuation of inventory, the auditor concludes that the evidence obtained is not sufficient to support management's representations. which of the following actions is the auditor most likely to take?

a. consult with the audit committee and issue a disclaimer of opinion b. consult with the audit committee and issue a qualified opinion c. obtain additional evidence regarding the valuation of inventory d. obtain a statement from management supporting their inventory valuation .

Response-based competitive advantage can be:

A) flexible response. B) reliable response. C) quick response. D) all of the above. E) none of the above.