One Advantage of Factoring Accounts Receivable Is the Ability It

question 106

True/False

One advantage of factoring accounts receivable is the ability it gives a firm to turn accounts receivable immediately into cash without having to worry about repayment.

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Definitions:

Plasma Membrane

The semipermeable membrane surrounding the cytoplasm of a cell, which regulates the entry and exit of substances.

Osmosis

Diffusion of solvent (water) through a membrane from a less concentrated solution to a more concentrated solution.

Renin

Enzyme secreted by the juxtaglomerular apparatus that converts angiotensinogen to angiotensin I.

Kidney

A pair of bean-shaped organs that filter waste products from the blood and excrete them, along with water, as urine.