Factoring is a trade debt term used when the agent buys all the trade debts of the
importers
exporters
nation
customers
Correct answer is B
No explanation has been provided for this answer.
A public limited company can raise long-term loans through
the capital market
the money market
bank overdrafts
discount houses
Correct answer is A
No explanation has been provided for this answer.
discounted value
stock value
face value
par value
Correct answer is C
No explanation has been provided for this answer.
When a company uses more of loans than equity to finance its business, the company is said to be
bankrupt
solvent
highly geared
in a strong liquid position
Correct answer is C
No explanation has been provided for this answer.
In the case of a voluntary liquidation of a business the receivers is appointed by the by the
creditors
debtors
directors
shareholders
Correct answer is A
No explanation has been provided for this answer.