In deciding whether financing with receivables is a secured borrowing or a sale under U. S. GAAP, the critical element is the extent to which: Multiple Choice The transferee has received substantially all the risks and rewards of ownership. The age of the receivables transferred differs from the average age of the receivables. The transferor of the receivable surrenders control over the assets transferred. The transferee relies on assets received from the transferor to maintain operations.

Suppose life expectancy in years (l) is a function of two inputs, health expenditures (h) and nutrition expenditures (n) in hundreds of dollars per year. the production function is upper l equals ch superscript 0.40 baseline upper n superscript 0.60l=ch0.40n0.60. beginning with c = 1, a health input of $400400 per year (hequals=44) and a nutrition input of $400400 per year (nequals=44), show that the marginal product of health expenditures and the marginal product of nutrition expenditures are both decreasing. the marginal product of health expenditures when h goes from 44 to 55 is nothing, and the marginal product of health when h goes from 66 to 77 is nothing. (round your answers to three decimal places.)