Which of the Following Is a Correct Statement Regarding Methods

question 72

Multiple Choice

Which of the following is a correct statement regarding methods to speed up the collection of cash from receivables?

• A) Factoring is used frequently by companies since it is an inexpensive way to raise cash.
• B) Credit card companies will charge a fee of 20-30% of the total amount of the sale.
• C) The company that factors its receivables maintains control over the collection process.
• D) The credit card discount expense is an operating expense.

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Definitions:

Social Goals

Objectives that aim to improve society's well-being, addressing issues like poverty, inequality, and environmental sustainability.

Economic Institution

An established organization or system that plays a role in the distribution and consumption of goods and services within an economy.

Social Responsibility Strategy

A company’s plan or approach to contributing positively to societal goals, through sustainable business practices and ethical contributions.

Denying Responsibility

The act of refusing to accept blame or accountability for one's actions or decisions, often deflecting onto others.