In deciding whether financing with receivables is a secured borrowing or a sale under U. S. GAAP, the critical element is the extent to which: Multiple Choice The transferee has received substantially all the risks and rewards of ownership. The age of the receivables transferred differs from the average age of the receivables. The transferor of the receivable surrenders control over the assets transferred. The transferee relies on assets received from the transferor to maintain operations.

The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.

Frugala is when sylvestor puts $2,000 into 10-year state bonds and $3,000 into 5-year aaa-rated bonds in steady hand hardware, inc. he buys the four state bonds at a 5 percent interest rate and the three steady hand bonds at a 6.5 percent rate. sylvestor also buys $1,500 worth of blue chip stocks, and $800 worth of stock in a promising new sportswear company that reinvests its earnings in new growth. 1. (a) what is the maturity for each of the bond groups sylvestor buys? (b) the coupon rate? (c) the par value?

Which of the following is considered part of a country’s infrastructure?