With Regard to Notes Receivable,which of the Following Statements Is

question 96

Multiple Choice

With regard to notes receivable,which of the following statements is CORRECT?

• A)Notes receivable are less formal contracts than accounts receivable.
• B)Notes receivable are also called promissory notes because a written promise to pay is not required.
• C)All notes receivable require the borrower to pledge collateral.
• D)The borrower signs a written promise to pay the lender a definite sum at the maturity date,with interest.

---

Definitions:

Random Variable

A variable whose values depend on outcomes of a random phenomenon.

Bernoulli Distribution

A probability distribution that takes two possible outcomes, 1 (success) with probability p, and 0 (failure) with probability 1-p.

Survey Question

A question used in a survey designed to collect data on the opinions, behaviors, or characteristics of respondents.

Probability Density Function

A function that describes the relative likelihood for a continuous random variable to take on a given value.