When a Relevant Variable That Is Not Named on Either

question 163

Multiple Choice

When a relevant variable that is not named on either axis changes,

• A)there will be a movement along the curve.
• B)the curve will rotate clockwise.
• C)the curve will be unaffected since only the variables on the axis affect the curve.
• D)the curve will shift.

Distinguish between different types of receivables and their associated instruments of credit.

Recognize the implications of selling receivables on a company's cash flow.

Calculate the maturity date of notes receivable.

Understand and apply the concept of dishonoring a note.