True/False
If a borrowing firm does not qualify for an unsecured bank loan and pledges its accounts receivable as security, it eliminates the need for a credit investigation.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q30: Permanent current assets reflect the minimum investment
Q31: Short-term financing sources include bank loans, trade
Q32: What is the most important overall source
Q33: The factor, unlike the commercial finance company:<br>A)
Q34: If total assets are $100,000, fixed assets
Q36: Net working capital is defined as:<br>A) current
Q37: Permanent current assets are:<br>A) accounts receivable that
Q38: Find the annualized cost of a commercial
Q39: The effective annual interest rate on a
Q40: Commercial finance companies obtain loanable funds:<br>A) to