Fresh Foods needs some quick cash to pay some overdue bills.If the following facts were known,which one would support the idea of factoring to obtain the cash?
A) Factoring can be a costly way to obtain cash.
B) The company would not have to liquidate any of its core assets if it chooses factoring.
C) The company's customers might be unhappy if they hear that their account has been turned over to a factor.
D) The company would incur additional accounting expenses because they would have to keep track of the factored customer accounts.
E) Factoring companies usually aren't interested in receivables more than 90 days old.
Correct Answer:
Verified
Q53: Monolith Corp.'s credit rating is so high
Q60: The two primary sources of long-term debt
Q75: Bonds that have the highest default rate
Q76: Manitoba Hydro has relatively steady,predictable profits and
Q79: Which of the following would require General
Q81: Molly has been very aggressive in her
Q83: A manufacturing company is planning to go
Q84: If Sunshine Tanning's founders invested $10 000
Q85: Samantha should prepare a cash flow requirements
Q92: What is the difference between debt and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents