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Author Question: When customers of an equipment manufacturing unit buy equipment on credit and then delay making ... (Read 100 times)

Cooldude101

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  • Posts: 557
on: Jul 14, 2018
When customers of an equipment manufacturing unit buy equipment on credit and then delay making payments, they receive a bill from a collection agency. What relationship does the collection agency have with the manufacturer?
 A) Trade credit
  B) Revolving credit agreement
  C) Factoring
  D) Short-term bank loans

Question 2

Unlike a person, a corporation exists only on paper.
 
 Indicate whether the statement is true or false


Ahernandez18

  • Sr. Member
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  • Posts: 361
Reply #1 on: Jul 14, 2018
Answer to Question 1

C

Answer to Question 2

True


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