Assume each month has 30 days and amdocs has a 60-day accounts receivable period. during the second calendar quarter of the year (april, may, and june), amdocs will collect payment for the sales it made during which of the months listed below?
a. october, november, and decemberb. november, december, and januaryc. december, january, and februaryd. january, february, and marche. february, march, and april

E) February, March, and April

Explanation:

During April, AmDocs will be collecting accounts receivables that correspond to sales from February. During May, AmDocs will be collecting accounts receivables that correspond to sales from March. During June, AmDocs will be collecting accounts receivables that correspond to sales from April.

All you have to do is go back two months, e.g. December ⇒ October, August ⇒ June.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan