When a Business Factors Its Accounts Receivables,the Business ________

question 87

Multiple Choice

When a business factors its accounts receivables,the business ________.

• A) uses the receivables as security for a loan
• B) no longer has to deal with the collection of the receivables from the customers
• C) receives the total amount of the receivables from the factor
• D) receives cash, less an applicable fee, after the factor collects from the customers

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Definitions:

Print Dialog Box

A user interface window that appears when printing a document, offering various printing options and settings.

Standard Toolbar

A set of commonly used icons and commands located typically at the top of the window in many software applications, facilitating easier access to functions.

Standard Toolbar

A toolbar found in many software applications that contains buttons and options for performing common tasks like opening, saving, and printing files.

Copy

The act of duplicating data or content from one location to another without altering the original.