When you factor receivables,you get about 50 percent of the amount due,where as,when you pledge receivables,you immediately get 75 to 80 percent of the amount due.

Question

Quizplus · Accepted Answer

When you factor receivables, you can typically expect to receive about 80-85% of the amount due, whereas pledging receivables may result in receiving up to 90% of the amount due. So the statement given is false.

When You Factor Receivables,you Get About 50 Percent of the Amount