The goal of an ERP system is to integrate data and support all the major functions across the organization

The majority of the option premium is lost in the final days prior to expiration

Indicate whether the statement is true or false.

Rogue Spices Inc. has a Canadian receivables contract for $200,000 due in 270 days

The firm has been approached by a factoring firm that offers to purchase the receivables at a 12% per annum discount plus a 1% charge for a nonrecourse clause. What is the annualized percentage all-in-cost of this factoring alternative? A) 14.82% B) 13.00% C) 12.00% D) 9.09%