Ignoring Defaults, What Is the Approximate Effective Cost of Factoring

question 8

Multiple Choice

Ignoring defaults, what is the approximate effective cost of factoring if receivables are sold at a 4% discount and the average collection period is 2 months?

• A) 19.40%
• B) 24.00%
• C) 26.53%
• D)27.75%

Understand the concept of acidity in organic compounds and how it relates to resonance stabilization.

Ability to draw and interpret the mechanistic steps involved in the synthesis of specific organic compounds.

Knowledge on predicting the major organic product for given organic reactions.

Skill in naming organic compounds according to IUPAC nomenclature.

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Definitions:

Stop Payment

An order given to a bank by an account holder not to pay a check or payment that has been issued but not yet processed.

Enforce

To compel observance or compliance, especially of laws, rules, or agreements.

Fewer Than

A comparative phrase used to indicate a smaller quantity or number of something when compared to another.

Frequent Usage

Refers to the regular use of a product or service by consumers.