A customer of Triple D can also be a supplier to Triple D and then, if the creditor’s amount is more than the debtor’s amount, the balance of the debtor can be transferred to the creditor’s account. True False
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A customer of Triple D can also be a supplier to Triple D and then, if the creditor’s amount is more than the debtor’s amount, the balance of the debtor can be transferred to the creditor’s account.
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- A company that provides a service or product to a customer on credit has an __________ from that customer.Accounts receivable are customer payments. (increased/decreased) by credit sales and are Need help? Review these concept resources. Read About the Concept increased decreased) byIn the case of a loan, the bank is the debtor and the customer is the creditor. Select one: i. True ii. False
- Identify the following users as either an internal (I) or an external (E) user. CreditorCustomer loans are classified on a Depository Institution (DI)'s balance sheet as Select one: A. liabilities, because the customer may default on the loan. B. assets, because the DI earns servicing fees on the loan. C. assets, because the DI's major asset is its client base. D. assets, because DIs originate and monitor loan portfolios. E. liabilities, because the DI must transfer funds to the borrower at the initiation of the loan.Explain the trade credit facility provided by some companies to their customers that allow them to manage their day-to-day liquidity situation and calculate the opportunity cost of an invoice that specifies the following conditions, as shown below (a. – c.):a) conditions: 1.25/10, n/30.b) conditions: 1.25/10, n/60.c) conditions: 1.5/10, n/60.
- In which of the following ways do Fedwire payments differ from ACH payments? 1. Fedwire payments are always credit push. 2. Fedwire is an electronic payment method. 3. Fedwire payments typically cost the payer more to send. Give typing answer with explanation and conclusionAccounts receivable arise from credit sales to customers by both retailers and wholesalers. True or false?I need answer ASAP 1.b)Bills payable and promissory notes are negotiable instruments and are used mostly to replace_____Select one:O a. financial meansO b. term loansO c. long-term creditO d. trade creditO e. overdraft facilities
