Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 09, 2024

A short-term loan where the lender holds the borrower's receivables as security is called: Multiple Choice A banker's acceptance. Accounts receivable financing. A letter of

A short-term loan where the lender holds the borrower's receivables as security is called:

Multiple Choice

A banker's acceptance.
Accounts receivable financing.
A letter of credit.
Factored receivables financing.
A bond.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Basic Finance An Introduction to Financial Institutions, Investments and Management

Authors: Herbert B. Mayo

11th Edition

1285425790, 1285425795, 9781305464988 , 978-1285425795

More Books

Students also viewed these Finance questions

Question

★★★★★

You recently began a job as an accounting intern at Reilly Golf Park. Your first task was to help prepare the cash budget for April and May. Unfortunately, the computer with the budget file crashed,...

Answered: 1 week ago

Question

★★★★★

True or False: If an individual suddenly found that he needed less sleep per night than previously, his consumption would go up.

Answered: 1 week ago

Question

★★★★★

1.67 What's Normal? The 37 Celsius stan- dard for human body temperature was derived by a German doctor in 1868. In an attempt to verify his claim, Mackowiak, Wasserman, and Levine took temperatures...

Answered: 1 week ago

Question

★★★★★

Name and describe the types of consumer buying behavior. Which one would most likely be involved in the purchase of a mobile phone purchase? For choosing a frozen dinner?

Answered: 1 week ago

Question

★★★★★

Chart of Accounts Journal Instructions May 24 Sold merchandise on account to Old Town Cafe $43,440. The cost of the goods sold was $22,060. Sept. 30 Received $9,980 from Old Town Cafe and wrote off...

Answered: 1 week ago

Question

★★★★★

Which cellular technology utilizes new frequency bands to reach proposed speeds of up to 7 0 Gbps ?

Answered: 1 week ago

Question

★★★★★

Which item would most likely be classified as a fixture once attached onto real property? Select one: A. Wooden fence B. Plasma 50 TV C. Refrigerator D. Countertop microwave

Answered: 1 week ago

Question

★★★★★

Which of the following is NOT a remedial measure to control business cycles. Question 3 options: Indirect measures Monetary measures Fiscal measures Physical measures

Answered: 1 week ago

Question

★★★★★

Leahy inc, has 10 customers that account for all of its $1,472,000 of net income. its activity-based costing system is able to assign all costs, except for $200,000 of general administrative costs,...

Answered: 1 week ago

Question

★★★★★

When carrying out the control process at MGT , Inc. s manufacturing plant, Sally focuses her attention on the few defective components produced on the assembly line. Although she is concentrating on...

Answered: 1 week ago

Question

★★★★★

Two events each have the probability 0.2 of occurring. The probability that neither is 0.6. These events are: A) mutually exclusive B) independent C) conditional D) mutually exclusive and independent...

Answered: 1 week ago

Question

★★★★★

2 Of 5 Current Attempt in Progress Ayayai Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. (If no entry is required,...

Answered: 1 week ago

Question

★★★★★

How are the action plans for a division (for example, the hospital division) similar to action plans for a department (such as housekeeping)? How are they different?

Answered: 1 week ago

Question

★★★★★

Discuss Primarks decision to bypass e-commerce.

Answered: 1 week ago

Question

★★★★★

Describe how managers can plan in todays dynamic environment.

Answered: 1 week ago

Previous Question Next Question