Bank Clerk Questions

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation of seven nations of South Asia and South East Asia.

The BIMSTEC nations are

Trick : MBBS IN Thailand

M : Myanmar
B : Bangladesh
B : Bhutan
S : SriLanka

I  : India
N : Nepal

T : Thailand

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.

A monopoly firm has no well-defined supply curve. In other words, there is no unique supply curve for the monopolist derived from his MC curve.

Stokely Carmichael, a civil rights leader, used the term 'Black Power' to promote solidarity among African-Americans.

Steroid hormones exert their action by entering the nucleus of a cell and initiating or altering the expression of a gene.

A corporation is an organization, usually a group of people or a company, authorized to act as a single entity (legally a person) and recognized as such in law.

The acts of its owners bind the corporation is not true about corporation.