When credit is granted to another firm this gives rise to a:
A) trade receivables and is called a consumer credit.
B) credit due and is called an installment note.
C) trade receivables and is called trade credit.
D) trade receivable and is called an installment note.
E) None of the above.
Correct Answer:
Verified
Q2: Seasonal dating of trade receivables:
A)is used by
Q3: A commercial draft is useful to a
Q4: The credit period offered is influenced by:
A)the
Q7: Selling goods and services on credit is:
A)an
Q8: When credit is offered with only the
Q15: The average collection period measures:
A)the average time
Q15: When analyzing the decision to change the
Q20: Which of the following is not true
Q31: If a firm refuses to offer credit,
Q34: A conditional sales contract is useful to
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