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Rogue Spices Inc. has a Canadian receivables contract for $200,000 due in 270 days. The firm has been approached by a factoring firm that offers to purchase the receivables at a 12% per annum discount plus a 1% charge for a nonrecourse clause. What is the annualized percentage all-in-cost of this factoring alternative?
Equity
The principle of fairness and justice in the way people are treated, focusing on providing the resources and opportunities needed to achieve equal outcomes.
Redistributive Justice
The practice or principle of adjusting the distribution of wealth, goods, or resources in a society to achieve fairness or equality.
Equanimity
A mental or emotional stability or composure, especially under tension or strain; calmness.
Distributive And Redistributive Justice
A social justice model that is concerned with the fair distribution or redistribution of material and non-material resources between different groups within a society.
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