A factor is a restriction lenders impose on borrowers as a condition of providing long-term debt financing.
Answer the following statement true (T) or false (F)
False
A factor is a company that provides short-term financing to firms by purchasing their accounts receivables at a discount. See 9-3: Finding Funds: What Are the Options?
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Kevin goes to the store to purchase a fully-automatic washing machine. He browses through several models of washing machines, but does not let the salesperson know that he wants a fully-automatic model While signing the sales contract, he does not notice that the model he is purchasing is a semi-automatic machine. After purchase, which of the following options does Kyle have?
A) Exchange the machine with a fully-automatic one and sue the store if its does not accept it. B) Demand a full cash refund from the store for fraud in concealment. C) Sue the store for its innocent misrepresentation. D) Keep the semi-automatic washing machine as he made a unilateral mistake.
Under the indirect method of determining the net cash from operating activities on the statement of cash flows, depreciation is added to the net income for the period
Indicate whether the statement is true or false
A set of activities, methods, practices, and transformations that people use to develop and maintain software and its associated products that include project plans, design documents, code, test cases, and user manuals best defines
A) system. B) software process. C) business process. D) work process.
Refer to the information above. What is the total cost of ordering and carrying sugar?
A) $50 B) $100 C) $25 D) $1000 E) $500