True/False
Factoring accounts receivable is a relatively inexpensive source of unsecured short-term funds that allows firms to turn accounts receivable immediately into cash.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q3: _ involves the sale of accounts receivable.<br>A)
Q4: By offering credit to customers, the firm
Q5: Financing that arises from the normal operations
Q6: _ effectively raises the interest cost to
Q8: A trust receipt inventory loan is an
Q9: A firm issued $2 million worth of
Q10: Which of the following is NOT an
Q93: A revolving credit agreement is a form
Q122: Commercial finance companies are lending institutions that
Q153: Spontaneous unsecured financing has a specific interest