Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 15, 2024

Discuss two factors that influence the yield at which a commercial bill will be discounted. What effect does a bank-accepted have on the yield? [2

Discuss two factors that influence the yield at which a commercial bill will be discounted. What effect does a bank-accepted have on the yield?[2 marks]

b.The proprietor of Kent Street Toyota, a car dealership, has applied to GE Finance Ltd for a "floor plan finance".

(i)Explain the purpose and operation of floor plan financing.[2 marks]

(ii)GE Finance can enforce a range of systems, including bailment, to protect itsposition as the provider of floor plan finance. Explain bailment.[3 marks]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

Students also viewed these Accounting questions

Question

★★★★★

The Construction Labor Research Council lists a number of construction labor jobs that seem to pay approximately the same wages per hour. Some of these are bricklaying, iron working, and crane...

Answered: 1 week ago

Question

★★★★★

What will display ( double ) 3 / 5 = ?

Answered: 1 week ago

Question

★★★★★

1. At the beginning of units or major projects, send a letter summarizing the key goals, a few of the major assignments, and some common problems students have in learning the material for that unit.

Answered: 1 week ago

Question

★★★★★

In each of the following independent situations, indicate whether the alternate valuation date can be elected. Explain why or why not. All deaths occur in 2015. Value of Gross Estate Estate Tax...

Answered: 1 week ago

Question

★★★★★

Revenue Adjustments Sentry Transport Inc. of Atlanta provides in-town parcel delivery services in addition to a full range of passenger services. Sentry engaged in the following activities during the...

Answered: 1 week ago

Question

★★★★★

Perfect Parties, Inc. has several divisions, one of which provides birthday parties at their facility, and has provided the actual and planning budget results for the month of June. The Controller...

Answered: 1 week ago

Question

★★★★★

Hi, please help me do the (d) and(e) Q45. Inverse Trigonometric. State the (i) implied domain and (ii) range, of ea following: (a) y = arcsin(1 - x) (b) y = arccos(2x + 3) (c) y = arctan(4 - x) (d) y...

Answered: 1 week ago

Question

★★★★★

An analysis of a company's estimated liability account revealed the following information: Balance March 1, 2023: Balance March 31, 2023: $14,200 15,960 Sales of product with 2-year warranty:...

Answered: 1 week ago

Question

★★★★★

The case in question is 1079268 Ontario Inc. v. GoodLife Fitness Centres Inc., [2017] ONCA 12. How does the Ontario Court of Appeal decide the case? Who "wins" and who "loses"? . How does the court...

Answered: 1 week ago

Question

★★★★★

Two PFC Channel2 are welded together to form the composite section as shown in Figure (a). The channel properties are given in Figure (b) where x and y indicate centroidal axes. a) Figure (a) y....

Answered: 1 week ago

Question

★★★★★

step a = 7 minutes , Step B = 3 minutes, Step C 10 minutes, Step D = 6 minutes, Step E = 5 minutes If you could add one more resource to one of the steps (assuming each step is currently being done...

Answered: 1 week ago

Question

★★★★★

Given the following PMF: Px(k) = LA LT 18 12 0 for k = 1 for k = 2 for k = 3 for k = 4 otherwise (a) Find and plot the CDF. (b) Find Var(X) (c) Let Y = 2/X. Find E[Y]

Answered: 1 week ago

Question

★★★★★

2. Peter, traveling at the rate of 17.6 ft/Inin, is approaching an intersection. At a road at right angle with Peter's path is Mary Jane, traveiing at the rate of 8 ft / min, is also approaching the...

Answered: 1 week ago

Previous Question Next Question