The willingness of a credit applicant to pay her or his bills is measured by: Answer
capacity capital conditions character collateral
Marketable securities are held primarily to meet: Answer transactions motives precautionary motives speculative motives leverage motives
A firm%u2019s excess cash balance during a particular month could be best deployed if it were Answer financed with short term investments financed with long term investments invested in short term investments invested in long term investments A mercantile credit bureau serves primarily as a (n): Answer collection agency for delinquent accounts common meeting place where credit managers may exchange
information organization through which accounts receivable may be sold to other
businesses central record-keeping organization for credit information on
business firms
The factor unlike the commercial finance company: Answer engages in accounts receivable financing purchases the accounts receivable outright assumes limited credit risks is not responsible for the collection of accounts Firms who wish to obtain short-term secured loans generally have two major current assets available as collateral in the
form of: Answer cash and marketable securities receivables and inventory receivables and factoring inventory and floor planning