Which of the following statements with regard to factoring is true?
A)When the customer makes payment,the money initially goes to the factor,which then passes it to the company,plus a factor charge.
B)The discount charged by the factor is generally calculated at a rate approximately equal to the secured overdraft rate.
C)From the factor's viewpoint,the company accelerates its cash inflow from accounts receivable.
D)Some banks and bank subsidiaries may provide factoring.
E)None of the given options.

Question

Quizplus · Accepted Answer

Some banks and bank subsidiaries do provide factoring services, offering businesses an alternative to traditional financing methods.

Which of the Following Statements with Regard to Factoring Is