Factoring Arrangements

question 73

Multiple Choice

Factoring arrangements

• A) are ways to accelerate receivable collections.
• B) involve no commissions or service charges because the factor is guaranteed collections on the due date.
• C) are generally used by businesses that are insolvent.
• D) are mainly used in the textile and furniture industries.

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Definitions:

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A form of written communication sent via phone or internet-based messaging services.

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A written message, especially in business, used to communicate information within an organization.

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