Question: A written pledge by a borrower to pay a certain sum of money to a creditor at a specified future date is called: a. a

A written pledge by a borrower to pay a certain sum of money to a creditor at a specified future date is called: a. a promissory note. b. a factor account. c. a charge account. d. collateral. e. a ter

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

QUESTION 1 A sequence of organizations that directs a product from the producer to the ultimate user is called a(n) _____. a. intermediary network b. distribution channel c. traditional channel d....

A written pledge by a borrower to pay a certain sum of money to a creditor at a specified future date is called: Group of answer choices collateral . a factor account. a term loan agreement. a...

please try it. WEEK 8 ASSIGNMENT Credited.com CROSSWORD CLUES Across 1. All the activities concemed with obtaining money and using it effectively 4. A guaranteed line of credit 5. A financial...

WEEK 8 ASSIGNMENT Credited.com CROSSWORD CLUES Across 1. All the activities concemed with obtaining money and using it effectively 4. A guaranteed line of credit 5. A financial statement that...

Which of the following is not one of the top four social networking sites used by business? a . Pinterest b . YouTube c . Facebook d . Twitter e . LinkedIn Indicate whether the statement is true or...

1. Joyce bought a new vehicle for family use from Ace Chrysler and the engine seized 3 days after the expiration of the three-year warranty period. Ace claimed that the stated warranty period had...

Syncrude operated large conveyor belts as part of its tar sands extraction project and ordered a number of gearboxes from two suppliers, Hunter and Allis. Both Hunter and Allis obtained their...

A written pledge by a boerower to pay a certain sum of money to a croditor at a specified fuhure date is called: a . a mermsiveriry mola b . collateral. ca fictor accoumt. d . a term loan agreement....

I. True or false questions (10 questions) Answer T for true or F for false. 2 marks for each correct answer. 1. A promissory note is a written promise by one party to pay a certain sum of money, with...

T for true or F for false. 2 marks for each correct answer. 1. A promissory note is a written promise by one party to pay a certain sum of money, with or without interest, at a specific date or on...

The stone A used in the sport of curling slides over the ice track and strikes another stone B as shown. If each stone is smooth and has weight of 47 lb, and the coefficient of restitution between...

Geog Lav opened Geog Cleaners on March 1, 2014. During March, the following transactions were completed. Mar. 1 Issued 10,000 shares of common stock for $15,000 cash. 1 Purchased used truck for...

b207 ema Using appropriate concepts and theories from Block 2, analyse and evaluate the main threats and opportunities faced by Amazon within its global environment

Corporate financial accounting MBA 5100 the company is Peloton 2020 financial statements for Peloton from EDGAR and answer the following questions: 1. Calculate the companys current ratio, debt ratio...

1. Which of the following below are about the benefits of FDI to the host country? a. Import substitution. b. Capital infow followed by outflow. c. Resource transfer. d. (a) and (b) only. e. (b) and...

Use the following table, 2. Journal Entry Cost Of Goods Sold 77,975 Dr. Factory Overhead 77,975 Cr. Factory Overhead method comparisons Using DL $s Using DL hours Using Machine Hours Budgeted OH in...

Jims Place. acquires Pams PR Corporation on January 1, 2019 by issuing 50,000 shares of $1 par common stock with a market price of $30 per share on the acquisition date and paying $250,000 cash. The...

The Amazon.com, Inc. owns trucks used for cargo shipment. In the course of their activities, Amazon sustains losses in the form of property damages to their trucks. Assume that the Amazon owns a...

Create a 200 word summary on the Juvenile Justice System than and today. Describe The Juvenile system and provide a generalizable definition. Highlight the issues in the Juvenile system and why this...

Use the following information to prepare an income statement for Fairchild Corporation for the year ended December 31, 2003. You should show separate classifications for revenues, cost of goods sold,...

Orange County Bank has three employees, Albert Myers, Juan Moreno, and Michi Endo. During January 2003, these three employees earned $6,000, $4,200, and $4,000, respectively. The following table...

Black Kitty Company recorded certain revenues of $10,000 and $20,000 on its books in 2001 and 2002, respectively. However, these revenues were not subject to income taxation until 2003. Company...