When it comes to financing accounts receivable:

Select one:

a. 100% of the amount needs to be financed.

b. Only long term debt should be used to fund the portion that needs to be financed.

c. Need to be 100% financed by accounts payable.

d. Only the portion of A/R equal to the cost of goods sold on credit needs to be financed.

e. Only the portion of A/R above the cost of goods sold on credit needs to be financed.