Vitale Jewelers Obtains Needed Short-Term Funds by Selling Its Accounts

question 280

Multiple Choice

Vitale Jewelers obtains needed short-term funds by selling its accounts receivable to the Friendly Finance Company. Friendly Finance usually pays Vitale about 80% of the value of the receivables. Vitale Jewelers utilizes ________ as a means of raising short-term funds

• A) trade credit
• B) revolving credit agreements
• C) factoring
• D) receivable draft agreements

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Definitions:

Threatens

Expressing an intention to inflict pain, injury, damage, or other hostile action on someone in retribution for something done or not done.

Heterosexual Men

Men who are sexually attracted exclusively to women.

Gay Men

Men who are emotionally, romantically, and/or sexually attracted to other men.

Casual Sex

Sexual activities that occur outside of a committed romantic relationship, typically characterized by a lack of emotional attachment.