Tracee Receives a Large Order from a Customer

question 69

Multiple Choice

Tracee receives a large order from a customer.Her company does not have the cash to purchase the products from her supplier so she enters into a purchase-order financing agreement with a lender.The sale is for $75,000.The cost of the products is $40,000.What fee will the lender charge?

• A) $1,200-$3,200
• B) $3,200-$4,000
• C) $4,000-$6,000
• D) $6500-$10,000

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Definitions:

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