One Advantage of Factoring Accounts Receivable Is the Ability It

question 110

True/False

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

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Definitions:

Economic Turbulence

refers to periods of significant economic uncertainty, characterized by volatility in financial markets, fluctuations in economic indicators, and unpredictable economic growth.

Balance of Payments

A record of all economic transactions between the residents of a country and the rest of the world within a certain period.

Economic Growth

A growth in the economy's output of goods and services over a certain time frame, usually indicated by an upsurge in the real Gross Domestic Product.

U.S. Imports

Goods and services bought by residents of the United States from other countries, contributing to the country's total expenditures.