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Q4/ Why companies sell receivables ? A. Receivables may be the only reasonable source of cash. B. Billing and collection are often time-consuming and costly.
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Q4/ Why companies sell receivables ?
A. Receivables may be the only reasonable source of cash.
B. Billing and collection are often time-consuming and costly.
C. A and B
D. None of above
1 points
QUESTION 4
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Q5/ A ____________ is a written promise to pay a amount of money on demand or at a definite time
A. Purchase Note
B. Written Note
C. Promissory Note
D. Deal Note
1 points
QUESTION 5
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Q3/ A note is not paid in full at maturity.
A. Honored Notes
B. Half Honored Notes
C. Dishonored Notes
D. None of Above
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