Reference no: EM132774168

Problem 1: The maturity date of a note receivable:

Option 1: Is the day of the credit sale.
Option 2: Is the day the note was signed.
Option 3: Is the day the note is due to be repaid.
Option 4: Is the date of the first payment.
Option 5: Is the last day of the month.

Problem 2: A finance company or bank that purchases and takes ownership of another company's accounts receivable is called a:

Option 1: Payer.
Option 2: Pledger.
Option 3: Factor.
Option 4: Payee.
Option 5: Pledgee.