Accounts Receivable Can Be Sold to a Factor as a Means

question 64

True/False

Accounts receivable can be sold to a factor as a means of speeding up cash flows.

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Definitions:

Utility Function

An economic model that maps an individual's preference rankings for various bundles of goods onto a set of numerical values.

Price

The financial value anticipated, necessitated, or offered in return for a service or good.

Income

Money received on a regular basis from work, property, business, investment, or welfare.

Utility Function

A tool used in economics to represent a consumer's preference structure across different bundles of goods.