what is the difference between unsecured and secured transactions in terms of default
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what is the difference between unsecured and secured transactions in terms of default
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- How is internal control applied to liabilities?Which of the following risks cannot be hedged?A. CreditB. LiquidityC. CurrencyD. DurationWhich of the following statements is most correct? * An aging schedule is used to determine what portion of customers pay cash and what portion buy on credit. If a firm changes its credit terms from 1/20, net 40 days, to 2/10, net 60 days, the impact on sales can't be determined because the increase in the discount is offset by the longer net terms, which tends to reduce sales. Aging schedules can be constructed from the summary data provided in the firm's financial statements If a firm's volume of credit sales declines then its DSO will also decline. The DSO of a firm with seasonal sales can vary. While the sales per day figure is usually based on the total annual sales, the accounts receivable balance will be high or low depending on the season.
