IBIS Is/are

question 20

Multiple Choice

IBIS is/are:

• A) reference database of gunsmiths and retail outlets.
• B) trade groups of firearm manufacturers.
• C) automated screening tools for firearm evidence.
• D) lists of licensed gun dealers.
• E) safety education courses for firearm use.

---

Definitions:

Average Collection Period

The average number of days it takes for a company to receive payments owed by its customers, indicating the efficiency of a company's credit and collection policies.

Net Float

The difference between checks written against and deposited in an account, not yet cleared by the financial institution.

Cash Inflows

Money received by a business from its various activities, including sales, financing, and investments, contributing to its net cash flow.

Lockbox Systems

A service offered by banks to companies for the receipt of payment from customers, involving the use of specially designed lockboxes to speed up collections.