The Presque Isle Center Has Branch Operations in Three States

question 50

Multiple Choice

The Presque Isle Center has branch operations in three states.Each branch deals with a local bank.However,all excess funds in these branch bank accounts are transferred on a daily basis to the firm's primary bank located near the firm's home office.This routine of transferring cash to the primary bank on a regular basis is referred to as:

• A)cash concentration.
• B)strategic cash disbursement.
• C)transfer flotation.
• D)payables management.
• E)float management.

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Definitions:

Slope

The rate of change in the variable on the y-axis per unit change in the variable on the x-axis in a coordinate plane, indicative of the steepness of a line.

Regression Line

A regression line is a straight line that best describes the data on a scatter plot, providing the best fit for the relationship between the independent and dependent variables.

Sales

The activities related to selling or the number of goods or services sold in a given time period.

Gas Mileage

A measurement of how many miles a vehicle can travel on a gallon of fuel.