Please answer all the above questions

23. When a buyer receives goods, but payment is not due to the supplier until some later date, this is defined as: a. Factoring b.Bank credit c. Trade credit d. Intercompany loan 24. MAUI Boards Co. has just experienced a very profitable year and wants to share the success with its shareholders. In order to pay dividends, a sequence of events must occur. Which of the following chronological sequence of events is correct? 1. Stock trades exdividend 2. Dividend is paid 3. Board of directors declares a dividend 4. Record date for the dividend a \\( 3,1,4,2 \\) b. \\( 3,4,2,1 \\) c. \\( 4,3,2,1 \\) d. \\( 4,3,1,2 \\) 25. A treasury manager has \\( \\$ 5 \\) million that is not needed for 6 months. The treasury manager has decided to invest the funds in a liquid instrument and will purchase a highly-rated short-term corporate bond through an OTC dealer. In what market would the treasury manager purchase this investment? a. \\( \\mathbb{P} O \\) Market b. Private Market c. Primary Market d. Secondary Market