Multiple Choice
A company seeks a one-time loan on 75% of the face value of its accounts receivable outstanding and must pay within 60 or 90 days regardless of whether it has collected its receivables. What type of financing is the company seeking?
A) Accounts receivable factoring.
B) Receivables discounting.
C) A credit note.
D) Working capital monetization.
E) Monetizing receivables.
Correct Answer:
Verified
Correct Answer:
Verified
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