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

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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.

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