The impact of sales of receivables is:
I). Operating cash flow is reduced because the proceeds are reported as financing cash flows.
II). A portion of operating cash flow in the current period is borrowed from the future.
III). In the future, if a company sought to reduce the amount of receivables sold or securitized, operating cash flow would decline.

Business cycles are generally considered in:

An investor owns 100 shares of General Motors stock. She sells one stock call option. The investor's position is now a covered call with the following characteristics:
Stock position: LONG 100 shares of General Motors Stock purchase price: $62.00 per share Option position: SHORT 1 call option General Motors stock Underlying asset: 100 shares of General Motors
Exercise price: $80.00 per share Premium: $0.13 per share Expiration date: October
If the expiration-day price of General Motors stock were $82.00 per share, then the expiration-day profit/loss for the covered call would be:

A sample is:

______ connect buyers to sellers who are present at the same time but in different places.