Accounts receivable may be used as a source of financing by
A) pledging the receivables as loan collateral.
B) "factoring" the receivables to a finance company.
C) selling securities backed by the receivables.
D) All of these options are correct.
D) All of these options are correct.
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A company received a bank statement with a balance of $6,100. Reconciling items included a bookkeeper error of $400—a $400 check recorded as $800—two outstanding checks totaling $810, a service charge of $24, a deposit in transit of $270, and interest revenue of $21. What is the adjusted bank balance?
A) $5,205 B) $5,160 C) $4,757 D) $5,560
The primary ________ norms that influence judges' decisions are justice, stability, freedom, and efficiency
A) ethical B) illusory C) contextual D) procedural
________ show a chronological sequence of activities
A) Combination charts B) Pie charts C) Topographical charts D) Flowcharts
Nichols Inc. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the cost of capital or negative, in both cases it will be rejected. Year0 1 2 3 4 5 Cash flows?$1,250 $325 $325 $325 $325 $325
A. 9.43% B. 9.91% C. 10.40% D. 10.92% E. 11.47%