Low-on-Cash Inc. decides to use factoring to improve cash flow. This strategy would involve which of the following?
A) Selling accounts receivable to a collection agency or a bank
B) Selling goods on credit but with a specified date for payment
C) Selling the factors of production for cost, plus a small mark-up
D) Selling unused factory equipment to make up for the short-fall in cash flow
Correct Answer:
Verified
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