The Credit CARD Act of 2009 Made It Easier for College

question 65

True/False

The Credit CARD Act of 2009 made it easier for college students to obtain credit cards.

---

Definitions:

Cost of Goods Sold

The direct expenses related to the production of goods sold by a business, including materials and labor costs.

Receivables

Amounts payable to a corporation by its clientele for goods or services that have been delivered or rendered, but are yet to be paid for.

Cash Collections

The process of gathering all cash payments due from customers over a specific period.

Sales

Sales refer to the total amount of goods or services sold by a company, which is a direct indicator of its business performance.