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:

Magical Powers

These are abilities in fantasy or supernatural genres that allow characters or beings to perform actions beyond the natural world's laws.

Spell

A verbal or written formula thought to have magical force, used to bring about a specific desired outcome.

Divination Technique

A method or practice used in various cultures to seek knowledge of the future or the unknown, often involving interpreting patterns in physical objects or phenomena.

Necromancy

The practice of communicating with the dead to predict the future or discover hidden knowledge.