Which of the Following Statements with Regard to Factoring Is

question 14

Multiple Choice

Which of the following statements with regard to factoring is true?

• A)When the customer makes payment,the money initially goes to the factor,which then passes it to the company,plus a factor charge.
• B)The discount charged by the factor is generally calculated at a rate approximately equal to the secured overdraft rate.
• C)From the factor's viewpoint,the company accelerates its cash inflow from accounts receivable.
• D)Some banks and bank subsidiaries may provide factoring.
• E)None of the given options.

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