Thousands of people take part in mid-winter swim

The video tutorial introduces the concept of fresh water and discusses the importance of receivables in finance. It provides a basic understanding of these topics, encouraging viewers to explore further.

What is a key characteristic of fresh water?

• It is salty.

• It is found in oceans.

• It is man-made.

• It is essential for life.

Which of the following is NOT a source of fresh water?

• Rivers

• Lakes

• Seas

• Glaciers

What does the term 'receivables' refer to in a business context?

• Assets owned by the business

• Money owed to the business by others

• Liabilities of the business

• Money owed by the business to others

Why are receivables important for a business?

• They decrease the company's assets.

• They are a form of liability.

• They are not significant for financial statements.

• They represent future cash inflows.

Which of the following is an example of a receivable?

• A loan taken by the company

• A customer's unpaid invoice

• A company's bank deposit

• A supplier's bill