FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

A type of short-term loan where the borrower sells its accounts receivables to the lender at a discount to face value is called A. a

A type of short-term loan where the borrower sells its accounts receivables to the lender at a discount to face value is called

A. a compensating balance.

B. an assignment.

C. a letter of credit.

D. factoring.

E. a bond.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Finance questions

Question

Suppose that you continue to talk with the high-school friend mentioned in Question 8, and the conversation turns to people who have never married. She tells you that she is worried about a woman you...

Answered: 1 week ago

Question

★★★★★
Discuss three examples of how humans utilize microbes and their products today.

Answered: 1 week ago

Question

★★★★★
string _ 1 = str ( input ( ) ) string _ 2 = int ( input ( ) ) # Print the first letter of string 1 print ( string _ 1 [ 0 ] ) # Print the last letter of string 1 print ( string _ 1 [ len ( string _ 1...

Answered: 1 week ago

Question

★★★★★
Task: Financial reporting implications of Coronavirus COVID-19 Assignment Requirements: The coronavirus (COVID-19) pandemic has significantly affected businesses around the globe. This include...

Answered: 1 week ago

Question

★★★★★
Dry cleaning is a $5 billion industry primarily because the natural fabrics popular today, such as wool and linen, require professional cleaning. For more than five decades, customers have known and...

Answered: 1 week ago

Question

★★★★★
Why is Python considered a good language for beginners in programming and software testing? Python's complex syntax is a good challenge for beginners. Python has limited resources and libraries,...

Answered: 1 week ago

Question

★★★★★
Suppose a firm has a production function given by Q = LK, w = 16, r = 25 a) Find the firm's total cost function and marginal cost, assuming that there are no fixed costs. b) Does the firm exhibit...

Answered: 1 week ago

Question

★★★★★
Corporate cultures vary considerably, both within and across national borders. Why should global managers care about such variations, so long as they know the specific individuals within a company...

Answered: 1 week ago

Question

★★★★★
Question #1 (2 points) For the following file type extensions provide a brief description of its purpose and what it is used for. Example: .bmp short for: bitmap used for: graphics, Microsoft...

Answered: 1 week ago

Previous Question Next Question