Question: The second paragraph under accounts receivable in Note 1 explain
The second paragraph under accounts receivable in Note 1 explain that CAE is involved in a program in which can sell some of its accounts receivable. What's the maximum amount CAE can receive under the program? Why do you think CAE would sell its receivables rather than just collecting them as they come due? How would the company that buys the receivables make money from owning them?
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