CAT Questions

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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 Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, hosts a conference on Global Digital Content Market (GDCM) 2018, on 14th- 15thNovember 2018, in New Delhi. The conference will feature sessions on music, film, broadcasting and publishing, as well as collective management, emerging models and the implications for the market and policy makers.

If you say that you wouldn't be seen dead or be caught dead in particular clothes, places, or situations, you are expressing strong dislike or disapproval of them.

In the early 7th century, 610 A.D Islam was founded and Prophet Muhammad was accredited for its origin. It is beleived that it was first origined in Mecca and Medina.

Ans. E.
i. is incorrect because of the incorrect use of open”.
ii. is incorrect because of the incorrect use of “opened” hopefully represents future while opened represents past. This makes the sentence structurally incorrect.
C is correct because of the correct use of “would open” and delivers correct meaning to the sentence. 'would' is used to refer to the possibility in the future which is supported by the use of the word 'hopefully'.
iii. is incorrect because of the incorrect use of “is opening”.