You're at Home Watching TV When a Tornado Siren Goes

question 2

Multiple Choice

You're at home watching TV when a tornado siren goes off. Where should you seek shelter

• A)Under a table
• B)In the basement
• C)In a doorway
• D)None of the above

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Definitions:

Accounts Receivables

Sums due to a company from its clients for products or services provided but not yet compensated for.

Factor

A financial intermediary that purchases receivables from businesses, providing them with immediate cash flow.

Sale of Receivables

The process of selling outstanding invoices to a third party in order to receive immediate payment.

Allowance for Doubtful Accounts

An accounting estimate for the portion of accounts receivable that may not be collectible.