Factoring account receivables involves the business selling its accounts receivable to a finance company, and the finance company assumes any bad-debt risk.
Answer the following statement true (T) or false (F)
True
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The jobs at Acme Global are very standardized. Each job has a clear job description and there are many policies, procedures, and rules for employees to follow. This creation of a routine way of doing jobs suggests that Acme Global has a high degree of ______ in its structure.
A. centralization B. spatial differentiation C. formalization D. horizontal differentiation
The margin of safety is an effective measure of risk for a company
Indicate whether the statement is true or false
A ________ is a seller's obligation to replace or correct a product or service that fails to perform as expected within a specified period.
Fill in the blank(s) with the appropriate word(s).
Shiva Electronics received an invoice dated July 15 in the amount of $2,300, which included freight charges of $205. The terms of sale were 3/10, n/45. $360 of the merchandise was damaged in transit and must be returned. What is the amount due if paid on July 25?