Question: What is it called when obtaining cash from a lender who, for a fee, advances the amount of the borrower's cost of goods sold for

What is it called when obtaining cash from a lender who, for a fee, advances the amount of the borrower's cost of goods sold for a specific customer order?

.

factoring

.

asset

-

based loan

.

purchase

-

order financing

.

due diligence process

What is it called when obtaining cash from a lender who,

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

On December 31 of last year, Wolfson Corporation had in inventory 450 units of its product, which cost $22 per unit to produce. During January, the company produced 850 units at a cost of $25 per...

What is it called when obtaining cash from a lender who, for a fee, advances the amount of the borrower's cost of goods sold for a specific customer order? a . purchase - order financing b ....

Match the term with its definition. An informal agreement between a borrower and a bank as to the maximum a. asset-based loan amount of funds the bank will provide at any one time b. basis point...

serves many functions in the production system such as low purchase cost, flexible production, and good resale value a. Supplies b. Raw materials C. General purpose equipment d. Operating materials...

Finance homwork 45) Five factors that affect are: amount of sales, cost of goods sold, operating expenses, interest expense, and taxes a. Owner equity b. General debt C. Net income d. Gross income...

please some account genius can help me with my paper from my text book material and calculate ratios for coca-cola company i have all the pages pictures posted i know its alot help will be great if...

can any expert help me with the below assignment just only 2 questions ,please read the requirment word by word and be careful about the style of the reference(APA) , file 3.1 is for question...

this is a final exam pleaselook over it and help me out 1.Inventory for a merchandising business is classified as a(n): A. part of Stockholders' Equity. B. liability. C. asset. D. revenue. 2.If there...

just only 2 questions ,please read the requirment word by word and be careful about the style of the reference(APA) , file 3.1 is for question 2..BTW,please focus the every step FINANCE SPOTLIGHT...

Included in this folder you will find a power point presentation that outlines the basics of the new Revenue Recognition Standard. Included in these slides are specific examples that show you how the...

Account Account Title Bank Account IN 100000 101000 Alternate Bank Account UA W 110100 Miscellaneous Accounts Receivable (Direct Post) 110200 Interest Receivable 110400 Allowance for Bad Debt 200300...

Gallon Auto purchased a neighboring lot for a new building and parking lot. Indicate whether each of the following expenditures is properly charged to (a) Land, (b) Land Improvements (c) Buildings:...

Hurricane Wilma of 2005 is the most intense hurricane on record in the Atlantic basin, with a low-pressure reading of 882 mbar (milli bars). Convert this reading into (a) Atmospheres, (b) Torr, (c)...

The government in Country B is planning to increase taxes. It will use the revenue raised to build more roads and airports in an attempt to reduce unemployment and increase economic growth. The rate...

The current price of a non-dividend-paying stock is $218.72 and you expect the stock price to be either $328.08 or $145.81 after 0.5 years. A European call option on the stock has a strike price of...

=+8. Consider how unemployment would affect the Solow growth model. Suppose that output is produced according to the production function Y = K[(1 u)L] 1 , where K is

=+ a. A change in consumer preferences increases the saving rate.

=+ c. Better birth-control methods reduce the rate of population growth.