Consider the Following to Answer the Question(s) Below

question 24

Multiple Choice

Consider the following to answer the question(s) below:
The table below shows closing share prices for a small sample of companies.

-The z-score for the share price of Matsushita Electronic Components is

• A) 1.24.
• B) 2.34.
• C) -2.34.
• D) -3.00.
• E) -1.24.

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Definitions:

Checks

Checks are written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or a designated party.

Bank

A financial institution licensed to receive deposits and make loans.

Lockbox System

A service provided by banks to process payments quickly by having those payments mailed directly to a location accessible by the bank.

Collection Time

The average period it takes a company to receive payments owed by its customers, reflecting its efficiency in managing credit and collecting debts.