Explain the function of a factor in working capital management.
Question:
Fantastic news! We've located the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
A factor acts as an independent credit department outside of a firm by checking credit …View the full answer
Answered By
Ayush Mishra
I am a certified online tutor, with more than 3 years of experience in online tutoring. My tutoring subjects include: Physics, Mathematics and Mechanical engineering. I have also been awarded as best tutor for year 2019 in my previous organisation. Being a Mechanical Engineer, I love to tell the application of the concepts of science and mathematics in the real world. This help students to develop interest and makes learning fun and easy. This in turn, automatically improves their grades in the subject. I teach students to get prepared for college entry level exam. I also use to teach undergraduate students and guide them through their career aim.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary
Question Posted:
Students also viewed these Corporate Finance questions
-
Explain the function of a synovial membrane.
-
Explain the function of a local area network.
-
Explain the function of warehouse clubs. Why are they classified as both wholesalers and retailers?
-
A rectangular loop of wire 24 cm by 72 cm is bent into an L shape, as shown in FIGURE 23-49. The magnetic field in the vicinity of the loop has a magnitude of 0.035 T and points in a direction...
-
If governments are aware that increases in the money supply cause inflation, why do some countries increase the money supply by significant amounts anyway?
-
Distinguish between an incontestability clause and a suicide clause in a life insurance contract.
-
Use contraction beginning with an 8-bit addersubtractor without carry out to design an 8-bit circuit without carry out that increments its input by 000000101 for input S = 0 and decrements its input...
-
Baker Brothers has a DSO of 40 days, and its annual sales are $7,300,000. What is its accounts receivable balance? Assume that it uses a 365-day year.
-
Determine the total heat transfer for the reversible process 1-2 shown in Fig. P759. 500 100 0.2 1.0 S, kJ/K T, C
-
What are three major sources of float? What are some common methods that address float?
-
ABC Inc. currently grants no credit, but it is considering offering new credit terms of net 30. As a result, the price of its product will increase by $2 per unit. The original price per unit is $50....
-
What is the mean 1 mile running time over 18 weeks? Health Promotion A man runs 1 mile approximately once per weekend. He records his time over an 18-week period. The individual times and summary...
-
Graph each function in Problems 310 over the indicated interval. y = -e-x; [-3, 3]
-
Think back to the change that you identified for Activity 8.4 . Which of the techniques (at any level or scope) in Pughs OD matrix were used as the change was implemented? Were they appropriate?...
-
Graph each function in Problems 310 over the indicated interval. g(x) = -3; [-3, 3]
-
Ethylene can be formed by cracking of propane: C 3 H 8 C 2 H 4 + CH 4 This reaction is carried out in the gas phase. A. Calculate the equilibrium constant of this reaction at K 298.15. B. 1000...
-
Chapter 11 bankruptcies represent complete liquidation or shutting down of a business. (True/False)
-
What is server speedup and why might it occur?
-
Refer to the data in QS 10-1. Based on financial considerations alone, should Helix accept this order at the special price? Explain.
-
Tueckes Concrete acquired 20% of the outstanding common stock of Drew, Inc. on January 1, 2012, by paying $1,100,000 for 40,000 shares. Drew declared and paid a $0.50 per share cash dividend on June...
-
The following are in Verbitskys Companys portfolio of long-term available-for-sale securities at December 31, 2012. Cost 700 shares of Sasha Corporation common stock ...... $35,000 900 shares of...
-
The following data, presented in alphabetical order, are taken from the records of Redlands Corporation. Accounts payable.....................$ 375,000 Accounts receivable....................135,000...
Question Categories