Vitale Jewelers Obtains Needed Short-Term Funds by Selling Its Accounts

question 280

Multiple Choice

Vitale Jewelers obtains needed short-term funds by selling its accounts receivable to the Friendly Finance Company. Friendly Finance usually pays Vitale about 80% of the value of the receivables. Vitale Jewelers utilizes ________ as a means of raising short-term funds

• A) trade credit
• B) revolving credit agreements
• C) factoring
• D) receivable draft agreements

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Definitions:

Light and Dark

Refers to the natural or artificial illumination (light) and its absence (dark), influencing biological and psychological processes.

Absolute Threshold

The minimum stimulus intensity needed to detect a particular stimulus 50% of the time.

Stimulation

The act of provoking or causing a response in an organism, organ, or tissue through external or internal means.

Stimulation of the Senses

Refers to activities or interventions aimed at engaging one or more of the five senses (sight, sound, touch, taste, smell) for therapeutic, developmental, or experiential purposes.