________________________________________ Is the Level of Earnings and the Growth in the Levels

question 76

Short Answer

________________________________________ is the level of earnings and the growth in the levels of earnings expected to persist in the future.

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Definitions:

Concentration Banking

Employing one bank to manage the balances in remote accounts. Balances are generally swept into the concentration bank daily.

Wire Transfers

Electronic transfers of funds across a network administered by banks or transfer service agencies globally.

Average Collection Period

The average number of days it takes a company to collect payments from its credit sales.

Credit Sale

A transaction where the payment for the purchased goods or services is deferred to a future date.