Lisa Paid Her Outstanding Accounts Receivable to FTG Corporation Via

question 31

Multiple Choice

Lisa paid her outstanding accounts receivable to FTG Corporation via regular mail. Which of the following documents did she include in the envelope: (i) check, (ii) packing list, (iii) remittance advice?

• A) i and ii only.
• B) ii and iii only.
• C) i and iii only.
• D) i, ii and iii.

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Definitions:

Return on Investment

A metric that indicates the profit or loss incurred from an investment in comparison to the total funds invested.

Stakeholders

Individuals or groups that have an interest or stake in the performance and actions of a company, including employees, customers, suppliers, and investors.

Return On Investment

A measure of the profitability of an investment, calculating the ratio of net profit to the initial cost of investment.

Dividing

In financial contexts, this can refer to allocating or apportioning financial resources or profits among groups, such as dividends to shareholders.