Make a search, using your library, the Internet, and your business contacts to find factors in your
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Make a search, using your library, the Internet, and your business contacts to find factors in your area. Interview the factor and determine the terms offered. Ask what things about the receivables are considered in pricing the factor contract. Contact a commercial banker in your area, and find out the bank's policy for lending against receivables. Report your findings to your class.
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Bank policy for lending against recievables Lenders including banks and private entities specializing in this type of lending analyze the firms receiv...View the full answer
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MUHAMMED SHARITH
I graduated from University of Calicut with Bachelor of Commerce. I am confident of teaching you with my practical knowledge. Besides taking private lessons, I help small firms in maintaining book keeping and have helped business owners to learn the basics of accounting. I love teaching students who are passionate to make or build a career in chartered accountancy or want to understand accountancy from the beginning. After learning From me students found accounting is not boring but a fun subject and that's what has made me choose tutoring as career.
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