Ignoring defaults, what is the approximate effective cost of factoring if receivables are sold at a 2% discount and the average collection period is 1 month?
A) 27.43%
B) 26.53%
C) 24.00%
D) 19.40%
Ans: A) 27.43%
Business
You might also like to view...
What is the responsibility of an employer for torts of employees that are committed in the course and scope of employment?
a. Abuse of process b. Respondeat superior c. Negligence d. Strictliability
Business
Employees who exhibit high organizational citizenship behavior typically provide poor customer service because they are so preoccupied with their jobs
Indicate whether the statement is true or false.
Business