Assume that a buyer calls a seller to order $3,000 worth of goods and her credit limit is $10,000 . If the sellers accounts receivable for the customer is already $8,500, how much of the new order will be accepted?
a. The entire amount c. No amount
b. $1,500 only d. $10,000 only
B
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For very large round numbers (1 million or greater), use a combination of _________________
a. numbers and fractions b. letters and figures c. figures and numbers d. numbers and decimals
Mary, Harold, Harvey, and William form an LLC (limited liability company) by contributing $20,000, $50,000, $55,000, and $150,000, respectively. The LLC is designated to be member-managed
When a decision is put to vote, Mary, Harvey, and Harold vote "yes," whereas William votes "no." Which of the following is true in this context? A) William's decision prevails as he has invested the maximum capital. B) No conclusion can be derived as the vote is not unanimous. C) Mary, Harvey, and Harold's decision prevails due to simple majority. D) The decision is put to vote among the employees of the company.
An assignment is valid and enforceable against all parties:
a. from the moment it is made. b. from the moment the assignor notifies the obligor. c. from the moment the assignee notifies the obligor. d. from the moment the obligor is notified from any source.
Hilex Inc. liquidates its investment in General Electric corporate bonds and reinvests the proceeds in City of Miami municipal bonds. This tax planning strategy may be taking advantage of the:
A. Jurisdiction variable B. Time period variable C. Entity variable D. Character variable