Which of the Following Is a Correct Statement Regarding Methods

question 39

Multiple Choice

Which of the following is a correct statement regarding methods to speed up the collection of cash from receivables?

• A) The company that factors its receivables maintains control over the collection process.
• B) Credit Card Fee is reported on the income statement.
• C) Credit card companies will charge a fee of 20-30% of the total amount of the sale.
• D) Factoring is used frequently by companies since it is an inexpensive way to raise cash.

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Definitions:

SUDS

Subjective Units of Distress Scale, a method of measuring the intensity of distress or anxiety an individual feels.

In Vivo

A term used to describe processes or experiments performed in living organisms.

Exposure

A therapeutic technique aimed at reducing anxiety and fear by gradually and systematically exposing the patient to the feared object, situation, or activity.

Imaginal Exposure

A therapeutic technique used in treating anxiety disorders by repeatedly exposing the patient to imagined scenes of traumatic events.