What purpose is served by a factoring arrangement? What does it mean to factor accounts receivable with recourse?
Factoring involves the sale or transfer of accounts receivable to a buyer for the purpose of obtaining cash prior to customer payment. Factoring with recourse means that the seller of the accounts receivable is liable to the purchaser upon default of the customer.
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A Kolmogorov-Smirnov one-sample test was conducted. The largest absolute difference between the observed and normal distribution was K = 0.222
The sample size was only 30 therefore, the approximate formula was used and the critical value for K was 0.248. Because the calculated value of K is ________ than the critical value, the null hypothesis ________ be rejected. A) smaller; cannot B) larger; cannot C) smaller; can D) larger; can
A mortgage for less than 80% of the appraised value of the home will not require PMI insurance because they default less often
Indicate whether this statement is true or false.
After-tax income is referred to as:
A. gross income B. marginal income C. purchasing income D. unencumbered income E. disposable income
Several times over the years, Congress has punished federal courts for decisions Congress did not like by cutting the salary of judges
a. True b. False Indicate whether the statement is true or false