Which of the following are not typical of an accounts receivable loan arrangement?
A) basic interest charge
B) compensating balance
C) fee to cover extra work need for such a loan
D) inventory pledging
Correct Answer:
Verified
Q120: The effective annual interest rate on a
Q121: The approximate effective cost (EC) of financing
Q122: Eriez Magnetics purchased goods with a purchase
Q123: Eriez Magnetics purchased goods with a purchase
Q124: The purchaser may deduct 2% from the
Q126: If a firm chooses to take a
Q127: A receivable from the sale of merchandise
Q128: What is the most important overall source
Q129: Ningbo Steel was extended credit terms of
Q130: If a firm chooses to take a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents