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
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
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D 1 Trade risk 2 Credit risk The finance director has identified two risks associated with expor...
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
