Where is the statement ??
Answer:
(a) True.
Explanation:
It should also be known that however, the firm is still responsible for the loan even if the receivables ultimately cannot be collected. The risk of default on the receivables is therefore borne by the firm. An alternative procedure is to sell the receivables at a discount to a financial institution known as a factor and let it collect the money. In other words, some companies solve their financing problem by borrowing on the strength of their current assets; others solve it by selling their current assets. Once the firm has sold its receivables, the factor bears all the responsibility for collecting on the accounts. Therefore, the factor plays three roles: it administers collection of receivables, takes responsibility for bad debts, and provides finance.
The correct option is C.
The entrepreneur is the one who brings together all the factors of production and organize them into a working business entity. The entrepreneur provides the capital needed for the business, hire laborers to work in the business and provide all the equipment and the raw materials that the business requires.
Answer:
The answer is 1300%.
Explanation:
As, Pv = Fv÷ (1+r)
$4 = $5 ÷(1+r)
r = ($5÷$4) -1
r = $1.25 -1
r = 0.25 or 25%.
Annual percentage = 25% x number of weeks per year
= 25% x 52 weeks
= 1300%.
Your answer should be B. Contact the person a week or two in advance and ask for a convenient time to meet. If not then it should be D. Hope this helps!
