A Company Sells Its Accounts Receivable to a Financial Institution

question 14

Multiple Choice

A company sells its accounts receivable to a financial institution that is in the business of buying accounts receivable at a discount.This sale is called:

• A)bartering
• B)collateralizing
• C)factoring
• D)countertrading
• E)buying on the short

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Definitions:

Logarithm

The power to which a base, typically 10 or e, must be raised to produce a given number.

Logarithm

The exponent or power to which a base number must be raised to produce a given number.

Logarithmic Equation

An equation involving logarithms, where the variable is located within the logarithm.

Logarithm

A logarithm is the power to which a number, called the base, must be raised to produce a given number.