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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.

  1. 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

  1. 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

  1. 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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