Factoring receivables is beneficial to a seller for all of the following reasons except:
A) Allows firms to receive cash earlier.
B) Passes ownership of the receivables to the factor.
C) There are no fees for factoring.
D) Seller avoids the cost of billing and accounting for receivables.
E) May transfer the risk of bad debts to the factor.
C) There are no fees for factoring.
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Firms treat expenditures as assets when they:
a. have acquired rights to the future use of a resource as a result of a past transaction or event. b. can reliably measure the cost of the expected benefits at the time of initial recognition. c. can exercise the entity's right to, or control of, the benefit. d. can obtain the future service potential and control others' access to it. e. all of the above
Jet Styling has the following beginning cash balance and cash transactions for the month of January. Using this information prepare a statement of cash flows. a.Beginning cash balance……………..$ 3,200b.Cash investment by owner…………..15,000c.Cash payment toward long-term loan1,000d.Cash payment of rent………………..1,800e.Purchased equipment for cash……..7,500f.Purchased store supplies for cash…1,500g.Cash collected from customers…….7,750h.Cash withdrawal by owner…………..2,000i.Cash payment of wages…………….4,000
What will be an ideal response?
The basis point spreads between credit ratings dramatically rise for borrowers of credit qualities less than BBB
Indicate whether the statement is true or false.
Leisure, management, and navigation are categories of location-based applications and services
Indicate whether the statement is true or false