Selling Accounts Receivables to Factors and Allowing Credit Terms Such

question 77

Multiple Choice

Selling accounts receivables to factors and allowing credit terms such as 2/10, n/30

• A)represent common business practices.
• B)represent ways to accelerate receivables collections.
• C)result in collections that are less than the gross accounts receivable.
• D)All of these answer choices are correct.

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Definitions:

Scatter Diagram

A graphical representation used to show the relationship between two quantitative variables.