Multiple Choice
Which of the following is NOT an advantage of factoring?
A) creation of a known pattern of cash flows
B) elimination of credit and collection department
C) accounts receivable immediately turned into cash
D) the effective interest rate
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q8: A trust receipt inventory loan is an
Q52: Seasonal buildups of inventory and receivables are
Q53: _ensure that money loaned under a line
Q56: The cost of giving up a cash
Q59: In a revolving credit agreement, the firm
Q60: The_ is the lowest rate of interest
Q61: A firm purchased goods with a purchase
Q77: The major attraction of a line of
Q115: If a firm anticipates stretching accounts payable,
Q136: In doing business in foreign countries, financing