The term ________ refers to the legal, tangible evidence of ownership of goods

Exponential expansion of the number and depth of crises affecting various institutions and prominent people in American society has occurred because of all of the following EXCEPT ________

A) talk radio B) major newspapers C) 24/7 cable news and commentary D) instantaneous Internet communication

Jay's Lumber Supplies earns 2.5 percent on its investment in marketable securities. A draft disbursing system

has been proposed that will increase disbursement float by 4 days. Purchases next year are expected to total $18 million. Individual payments average $1,000. Use a 365-day year. a. If the draft system is adopted, what amount of funds can the firm expect to release during the year? b. If each issue draft costs the firm $0.30, should the draft system be adopted? c. Should the firm consider any other factors?