ABL Knowledge Assesment
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Last updated over 1 year ago
9 questions
1
What percentage of total receivables does Xtreme Glasses account for?
What percentage of total receivables does Xtreme Glasses account for?
1
What percentage of receivables are in the 61-90 day window?
What percentage of receivables are in the 61-90 day window?
1
What percentage of this business' customer base do Restricted Access, Inc. and Teal communications account for on a combined basis?
What percentage of this business' customer base do Restricted Access, Inc. and Teal communications account for on a combined basis?
1
An account receivable is created when...
An account receivable is created when...
1
An asset based line of credit provides the borrower with...
An asset based line of credit provides the borrower with...
1
Banks typically disallow advances on a line of credit against receivables that are...
Banks typically disallow advances on a line of credit against receivables that are...
1
The 75% advance rate against receivables is applied before deducting those receivables over 90 days from invoice date.
The 75% advance rate against receivables is applied before deducting those receivables over 90 days from invoice date.
1
The 75% advance rate against eligible receivables is also know as
The 75% advance rate against eligible receivables is also know as
1
The line of credit has a maximum commitment or maximum exposure of...
The line of credit has a maximum commitment or maximum exposure of...