A banking sub-account that is used for a particular disbursement purpose and into which funds are deposited only as needed to cover cheques presented for payment is called a ______ account.

A) Zero-balance.
B) Lockbox.
C) Controlled collection.
D) Disbursement float.
E) Cash concentration.

Garnett Co. expects to purchase $180000 of materials in July and $210000 of materials in August. Three-fourths of all purchases are paid for in the month of purchase and the other one-fourth are paid for in the month following the month of purchase. How much will August's cash disbursements for materials purchases be?

A) $135000
B) $157500
C) $202500
D) $210000

One major barrier to entry under pure monopoly arises from

A) the availability of close substitutes for a product.
B) ownership of essential resources.
C) the price taking ability of the firm.
D) diseconomies of scale.

Tomas and Saturn are partners who share income in the ratio of 3:1. Their capital balances are $80,000 and $120,000, respectively. The partnership generated net income of $30,000. What is Saturn's capital balance after closing the revenue and expense accounts to the capital accounts?

A) $102,500
B) $120,000
C) $112,500
D) $127,500

Elaborate on what does a B credit rating signifies.

An investor who expects declining interest rates would maximize her capital gain by purchasing a bond that has a ________ coupon and a ________ term to maturity.

A) low; long
B) high; short
C) high; long
D) zero; long