Multiple Choice
Which of the following is a benefit of accounts receivable financing?
A) The volume of borrowing can be quickly expanded proportionally in order to match a firm's growth in sales and accounts receivable.
B) It is a low cost way of financing.
C) Pledging receivables may increase a firm's ability to borrow from a bank.
D) It considers the time value of money.
Correct Answer:
Verified
Correct Answer:
Verified
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