Which of the following is a disadvantage of factoring?
A) ensures an uneven pattern of cash flows
B) eliminates credit and collection departments
C) turns accounts receivable into cash quickly
D) highly expensive source of short-term financing
Correct Answer:
Verified
Q141: The pledging cost of accounts receivable is
Q142: The percentage advanced by a lender constitutes
Q143: Factoring accounts receivable is relatively an expensive
Q144: Factoring accounts receivable is relatively an expensive
Q145: Pledges of accounts receivable are made on
Q147: Which of the following is an advantage
Q148: Collateral is typically required for a _.
A)
Q149: Which of the following creates a secured
Q150: The stated cost of a pledge of
Q151: The primary source of secured short-term loans
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