Purpose: To learn more about factoring services. Address: www.invoicebankers.com, or go to www.wiley.com/college/weygandt
Steps: Go to the website and answer the following questions.
(a) What are some of the benefits of factoring?
(b) What is the range of the percentages of the typical discount rate?
(c) If a company factors its receivables, what percentage of the value of the receivables can it expect to receive from the factor in the form of cash, and how quickly will it receive the cash?