Question: A company pledges their receivables so they may Multiple Choice Charge a factoring fee. Increase sales. Recognize a sale. Collect a pledge fee. Borrow money.

A company pledges their receivables so they may

Multiple Choice

  • Charge a factoring fee.

  • Increase sales.

  • Recognize a sale.

  • Collect a pledge fee.

  • Borrow money.

Failure by a promissory notes' maker to pay the amount due atmaturity is known as:

Multiple Choice

  • Depreciating a note.

  • Dishonoring a note.

  • Discounting a note.

  • Closing a note.

  • Protesting a note.

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