Multiple Choice
The factoring of accounts receivable consists of:
A) selling accounts receivable at a profit.
B) pledging accounts receivable as collateral for a loan.
C) selling accounts receivable to raise working capital.
D) buying accounts receivable from a factor.
Correct Answer:
Verified
Correct Answer:
Verified
Q26: It is difficult to acquire a loan
Q27: The prime rate:<br>A) is the annual rate
Q30: In times of tight credit in Canada,Eurodollar
Q32: Net credit position refers to:<br>A) the difference
Q33: Business Book Publishing needs to borrow $700,000
Q34: Although the LIBOR has remained competitive and
Q35: In financing accounts receivable,pledging uses receivables _
Q36: The bank rate:<br>A) is the rate that
Q117: Small companies finance a relatively greater proportion
Q123: Which of the following is not a