Solved

One Advantage of Using Factors as a Source of Short-Term

Question 33

True/False

One advantage of using factors as a source of short-term financing is that it allows the firm to outsource its collection efforts, thus avoiding the hassle of collecting accounts receivables from customers who pay late.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q28: Anita Khan sells lawn and garden products

Q29: Irene Panagiotou has recently completed this class.

Q30: Which of the following consists of the

Q31: Which of the following is granted by

Q32: How does equity financing compare to debt

Q34: A factor is a company that provides

Q35: Financial managers typically seek more permanent funding

Q36: Lentz-Tucker Incorporated reported net income of $3

Q37: Which of the following functions must financial

Q38: A covenant is a restriction lenders impose