Question 15 FoolProof talks in depth about the importance of your credit score when it comes
to your budget and your savings. Assume your credit score is bad. Which of the
following statements are true?
1. Your car insurance could cost more.
2. Your phone deposit could cost more.
3. Your apartment deposit could cost more.
4. Your loan (virtually any type of loan) could cost more.
5. Paying cash for food could cost more.
6. Your utilities deposit could cost more.
7. The gym where you pay cash every day could cost more.
O A. None of the above.
OB. Numbers 2, 5 and 7.
OC. Numbers 1, 3, 4 and 6.
OD. Numbers 1, 2, 3, 4 and 6.

Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.

Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.