Firms that are temporarily short of cash and unable to borrow from usual sources can convert accounts receivable into cash by selling accounts receivable to a bank or financing company. This is called
a. assigning accounts receivable.
b. pledging accounts receivable.
c. factoring accounts receivable.
d. transferring accounts receivable.
e. none of the above.
C
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Which of the following types of incentives is included with the survey or questionnaire?
A) promised incentive B) observed incentive C) prepaid incentive D) virtual incentive E) Hollywood incentive
Under the direct method, there is no adjustment for noncash items or gains or losses.
Answer the following statement true (T) or false (F)
Which of the following statements about responsibility accounting is true?
A) Managers should be held responsible for all price variances that occur within their department. B) Managers should be held responsible for all revenues and costs that occur within their department. C) Managers should be responsible for all investment decisions that occur within their department. D) Managers should be held responsible for only those things under their control.
Which of the following is NOT an error in data gathering?
a. Using samples that are too small b. Administering the survey to a small group of the population before conducting the actual survey c. Gathering too much information and then attempting to use all of it d. All of the above are errors.