What is the difference between pledging receivables and assigning receivables
A) Pledging involves selling the receivables; assigning involves using the receivables as collateral for a loan.
B) Receivables are pledged without recourse; receivables are assigned with recourse.
C) Receivables are pledged with recourse; receivables are assigned without recourse.
D) There is no difference; these are two terms for the same type of financing arrangement.
D
You might also like to view...
Which of the following types of accounts have a normal credit balance?
A) assets and liabilities B) liabilities and expenses C) revenues and liabilities D) capital and drawing
Which of the following statements is correct?
a. Traditional costing systems are comparatively expensive to develop. b. Traditional costing systems are generally less accurate at allocating overheads. c. Activity–based costing and traditional systems often produce different product cost information. d. Activity–based costing is comparatively less time consuming.
In direct contrast to the decentralized structure, the _______________ is a formalized structure based on centralization and departmentalization.
a. Organic model b. Span of control c. Bureaucracy structure d. Mechanistic model
Use the information in Table 13.7. If the plant is located at the coordinates (5, 5), what is the total load-distance score, assuming rectilinear distance?
A) less than or equal to 600 B) more than 600 but less than or equal to 700 C) more than 700 but less than or equal to 800 D) more than 800