Peggy Is in the Business of Factoring Accounts Receivable

question 82

Multiple Choice

Peggy is in the business of factoring accounts receivable. Last year, she purchased a $30,000 account receivable for $25,000. This year, the account was settled for $25,000. How much loss can Peggy deduct and in which year?

• A) $5,000 for the current year.
• B) $5,000 for the prior year and $5,000 for the current year.
• C) $5,000 for the prior year.
• D) $10,000 for the current year.
• E) None of the above.

Identify the elements of persuasive requests in business communication.

Differentiate between direct and indirect strategies in business messages.

Understand the role of emotion and logic in persuasive business messages.

Realize the significance of audience analysis in formulating business messages.

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Definitions:

Reminiscences of Nanjing

A historical reference or literary work that reflects on the past events, culture, and landscapes of Nanjing, a significant city in Chinese history.

Qing Dynasty

The last imperial dynasty of China, lasting from 1644 to 1912, which was characterized by expansion, prosperity, and a rich cultural development.

Guan Yu

A legendary Chinese general from the late Eastern Han dynasty, venerated in Chinese folklore, who is celebrated for his loyalty, righteousness, and bravery.

The Romance of the Three Kingdoms

A classic Chinese historical novel attributed to Luo Guanzhong, detailing the turbulent years near the end of the Han Dynasty and the Three Kingdoms period.