Firms that are temporarily short of cash and unable to borrow from usual sources can convert accounts receivable into cash by
a. assigning accounts receivable and forwarding amounts collected to the lending institution.
b. pledging its accounts receivable to the lending agency as collateral for a loan.
c. factoring the accounts receivable to a bank or financing company to obtain cash.
d. all of the above.
e. none of the above.
D
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Indicate whether the statement is true or false
As manager of a major producer of automobile airbags, you have recently introduced the following vision statement: to protect the health of every driver and passenger. How can you ensure that your employees feel invested in and inspired by the firm's vision?
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Answer the following statement true (T) or false (F)
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