Why do firms benefit from prompt payments?
What will be an ideal response?
It reduces the amount of accounts receivable that is counted as a liability.
Business
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While piloing his yacht, Ted lost control of the vessels and smashed into a dock and another yacht at the marina. Which coverage under yacht insurance would cover the resuling claims?
a) Property damage b) Medical payments coverage c) Liability coverage d) Uninsured boater coverage
Business
In a maximization problem, if a variable is to enter the solution, it must have a positive coefficient in the Cj - Zj row
Indicate whether the statement is true or false
Business