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) all the above are typical of accounts receivable loans
Correct Answer:
Verified
Q63: Permanent current assets are:
A) accounts receivable that
Q78: If a firm actually sells its accounts
Q79: If life insurance is pledged as collateral
Q83: When old short-term debt is replaced by
Q84: In order to borrow $100,000 for a
Q86: If net working capital is negative:
A)current assets
Q87: Which of the following operating characteristics affect
Q116: A commercial finance company:
A) has a bank
Q139: Commercial paper issued by large U.S. corporations
Q160: The factor, unlike the commercial finance company:
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