The hiring process for an investment banker can happen in two ways. Which of the below is one of these ways?
A) Randomly choose an investment banking firm from a list of underwriting firms.
B) Pick a desirable investment banking firm, usually basing the choice on the reputation and history of the banker in its particular industry.
C) Have the primary government regulator of your industry choose the best investment banking firm for your company.
D) Solicit advice from a government agency and use it as your primary guide in choosing an investment banker.
Answer: B
Explanation: B) A company can simply pick a desirable investment banking firm, usually basing the choice on the reputation and history of the banker in its particular industry, or it can solicit bids from many investment bankers. The most common practice for corporations is the hand-picked selection process, and the most common for government agencies is the multiple-bidder selection process.
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Martin Sales provides the following information
Net credit sales: $800,000 Beginning net accounts receivable: $40,000 Ending net accounts receivable: $22,000 Calculate the accounts receivable turnover ratio. (Round your answer to the nearest whole number.) A) 20 times B) 26 times C) 36 times D) 35 times
Caprice, Inc has adopted a JIT management system and has the following transactions in December
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