CAT Questions

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The homework should be checked by the teacher

Accounts-receivable financing is a type of asset-financing arrangement in which a company uses its receivables — outstanding invoices or money owed by customers — to receive financing.

when a business sells its AR (accounts receivable) to a factoring company and receives short-term business funding in return, this is what called as Accounts Receivable Financing.

How it works ::

Business-to-business sales are often offered with payment terms of 30, 60 or 90 days.

The buyer receives the product, but doesn't submit payment until the mutually agreed-upon date.

The seller records the sale as revenues and increases the accounts receivable by the amount of the sale.

When the payment arrives, the seller decreases the accounts receivable and increases cash.

Accounts receivable financing allows the seller to get the cash immediately by selling the receivable to a third party. This is called factoring.

The Northwest Ordinance of 1787 was significant because it was the second continental congress that charted a government for territory in Northwest America. It also helped forbid slavery, and made a method of admitting new states near the Union.

All proteins, carbohydrates and fats are macronutrients that we need to make living. They contribute to 90% of the dry weight of our diet. 

From the given options, Excess carbohydrates and fats are stored; excess proteins are not.

Security in a business does not motivate entrepreneurs. An entrepreneurs primary motivation to start a business is to be independent.

A partnership is a form of business where two or more people share ownership.