Question: What is a factor? How does the typical factor operate? Explain the advantages and the disadvantages of factoring. What kinds of businesses typically use factors?

What is a factor? How does the typical factor operate? Explain the advantages and the disadvantages of factoring. What kinds of businesses typically use factors?

Step by Step Solution

★★★★★

3.34 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Instead of carrying credit sales on its own books some of which may never be collected a small busin... View full answer

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1447-L-B-L-E(392).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!

What are two advantages and two disadvantages of e-commerce?

What is a factor loading?

What are two advantages and two disadvantages of the advertising posttests described in the chapter?

What is a factor? How does the typical factor operate? Explain the advantages and the disadvantages of factoring. What kinds of businesses typically use factors?

Read the case scenario and use the text provided to support your answer and only used the text provided Case Scenario Dion is an engineer with Tesla Motors who helps to design electric motors. It has...

I need chapters 18, 19, 20, and 21 for the workbook for Personal Finance by Madura!! Please help!!! Personal Finance, Fifth Edition by Jeff Madura BUILDING YOUR OWN FINANCIAL PLAN WORKBOOK INDEX...

You are designing a new syntax for a programming language like Java, with the intention of making it more approachable to students by using English words instead of punctuation symbols. (a) How does...

BLC Inc. is a medium-sized manufacturing company based in the UK. The company operates mainly in the London area and is based in Peterborough. At a recent board meeting, the company decided to expand...

Skim the following article to determine if you would use this article as a source of information? Explain your answer (that is skim the article and then explain if you will use the article as a...

You work for a Global Hotel Chain- Snooze Lodge. You are in their Risk Management Department. YOU will be evaluating areas for legal risk management and compliance as well as looking over the online...

Suggest pros and cons for fat client and thin client strategies.

Which of the following statements about a budgeted incomestatement is not true? a. The budgeted income statement is prepared afterthe financial budgets are prepared. b. The budgeted income statement...

In the context of corporate equity valuation, rational expectations theory suggests that: Future cash flows are irrelevant for today's stock prices. Investor sentiment has no impact on valuation....

1. In developing countries, agriculture is the largest percentage, manufacturing is an increasing percentage, and services are a small percentage of total production.

Why do entrepreneurs in smaller companies need to be especially wary of leverage?

Why is there an IRS time bomb any time one borrows money?

Why have old hierarchical management paradigms given way to new organizational paradigms?

Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you just received your salary of $66,000 and you plan to spend all of it. However, you...

Bambino Sporting Goods makes baseball gloves that are very popular in the spring and early summer season. Units sold are anticipated as follows: March 3,600 April 7,600 May 12,200 June 10,200...

help please 10. [-/4.08 Points] DETAILS BBUNDERSTAT12 8.4.010.S. MY NOTES ASK YOUR TEACHER In this problem, assume that the distribution of differences is approximately normal. Note: For degrees of...