Which of the following statements is true about factoring without recourse?
a. The seller of the receivables is liable upon default of the debtor.
b. The factor's risk is lower than if the factoring were with recourse.
c. An example is the use of major credit cards.
d. The fee will be lower than if the factoring were with recourse.
C
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Which of the following is NOT an assumption of cost-volume-profit (CVP) analysis?
A) The only factor that affects total costs is a change in volume, which increases or decreases total variable and mixed costs. B) The price per unit does not change as volume changes. C) Total fixed costs do not change. D) The price per unit changes as volume changes.
Choosing the right topic means choosing a topic that is appropriate for all of the following EXCEPT
a. you. b. your detractors. c. your audience. d. the occasion.
If you succeed in convincing the audience that what you have to share merits their attention, all of the following will happen EXCEPT
a. their faces will register appreciation and concentration. b. their bodies will display interest and concern. c. they will sit still and listen to you. d. they will get bored.
Which of the following organizations published “Objectives of Financial Statements” (Trueblood Committee Report)?
a. AAA b. AICPA c. APB d. CAP