Factoring receivables is not as expensive as retaining the receivables on the books and ultimately collecting the full amount from the customers.

Name: Factoring receivables is not as expensive as retaining the receivables on the books and ultimately collecting the full amount from the customers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Factoring receivables typically involves selling them at a discount to a third party, which can be more expensive than collecting the full amount directly from customers.

Factoring Receivables Is Not as Expensive as Retaining the Receivables