To date PTX Lid has only traded within the UK. The sales director is negotiating to export
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Question:
To date PTX Lid has only traded within the UK. The sales director is negotiating to export goods to Aksa Co Lid, a customer in Turkey, but the finance director has two concerns
1. Aksa Co Lid may cancel an order once the goods have left the UK and are in transit to Turkey
2. Aksa Co Ltd may default on paying PTX Ltd
What risks has the finance director identified?
A. 1 Physical risk; 2 Credit risk
B. 1 Trade risk: 2 Liquidity risk
C. 1 Physical risk; 2 Liquidity risk
D. 1 Trade risk: 2 Credit risk
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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