Maria wants to start a restaurant of her own. As she does not have any savings, she approaches her bank for money and enters an agreement with the…
1.Maria wants to start a restaurant of her own. As she does not have any savings, she approaches her bank for money and enters an agreement with the bank. According to the agreement, the bank agrees to lend her $5000 upon request provided it has sufficient funds to loan the amount. In this scenario, the type of funding obtained by Maria can be regarded as a _____.
Multiple Choice
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- trade credit
- logbook loan
- non-recourse loan
- personal loan
2.A boat manufacturer orders 50 units of fiberglass material and promises to pay the supplier at a later date. The boat manufacturer will record the amount to be paid as:
Multiple Choice
- a secured loan.
- accounts receivable.
- a serial bond.
- accounts payable.
- a Treasury bill.
3.Organizations often invest the cash they earn in marketable securities, for periods as short as one day or for as long as one year, until it is needed. These investments include
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