Understanding Business 10th Edition by William Nickels,James McHugh,Susan McHugh

Exercise 4

Factoring accounts receivable is a form of financing used since the days of Babylonian King Hammurabi 4,000 years ago. Today it's still a source of short-term funds used by small businesses. Visit www.21stfinancialsolutions. com to get more in-depth information about factoring and be prepared to discuss the pros and cons of factoring to the class.