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:

Prescription

An authorization written by a medical professional that allows a patient to obtain a specific medication or treatment.

Schedule V

A classification for drugs with a lower potential for abuse than Schedule IV, including some antitussives and antidiarrheals.

Abuse Potential

Refers to the likelihood that a substance can be used in a manner that is harmful or addictive.

Controlled Substances

Drugs or chemicals whose manufacture, possession, and use are regulated by law due to their potential for abuse or addiction.