Factoring of Accounts Receivables Is

question 21

Multiple Choice

Factoring of accounts receivables is:

• A) A way of selling them.
• B) A way of pledging them as collateral for a loan.
• C) A way of raising cash quickly.
• D) All three of the above.

Understand and apply various financial statement analysis tools.

Perform and interpret financial statement conversions into common-size percentages and trend percentages.

Understand and calculate key financial ratios and interpret their significance.

Identify the purpose, components, and standards of a good financial statement analysis report.

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Definitions:

Labour Relations Board

A government agency that oversees labor law and its administration, including the resolution of disputes between unions and employers.

Notice

Official information or warning given to someone regarding an important matter.

Constitutional Right

A right protected by a constitution, thereby guaranteeing individuals certain freedoms or legal protections from governmental intrusion.

Bargain Collectively

The process by which employers and employees negotiate labor contracts, including wages, working conditions, and other employment terms, through their representatives.