Question: What occurs when a business factors its receivables?

What occurs when a business factors its receivables?

Step by Step Solution

★★★★★

3.44 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

When a business factors its receivables it sells its receivables to a fin... View full answer

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

Document Format (1 attachment)

Word file Icon

389-B-A-C-R (2489).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Q:

What occurs when a business pledges its receivables?

Q:

What occurs when a nitrogen nucleus captures an extra neutron?

Q:

What occurs when a particle of matter and a particle of antimatter meet?

Q:

Explain the answer to these two questions as if you are speaking to someone who has no idea what you are talking about. Needs to be 100 words minimum. 1. What occurs when a business factors in...

Q:

What occurs when a business factors its receivables?

Q:

What occurs when a business factors its receivables?

Q:

8. What occurs when a business factors its receivables?

Q:

What occurs when a business factors its receivables?

Q:

13) Notes receivable ________. A) represent an oral promise to pay a fixed amount of principal plus interest on the maturity date B) are included in a miscellaneous category called other receivables...

Q:

true or false 21) By accepting credit and debit cards, companies are able to attract more customers. 22) Sales through credit or debit cards transfer the risk of collection of receivables from the...

Q:

The following cell was set up to measure the standard reduction potential of the Ag+ | Ag couple: Pt(s) Æ HCl(0.010 00 M), H2(g) || AgNO3 (0.010 00 M) Æ Ag(s) The temperature was 25oC...

Q:

A baker determined the annual profit in dollars from selling pies using p(n) = 52n - 0.05n^(2), where n is the number of pies sold. What is the annual profit if the baker sells 400 pies?

Q:

Innovation is to application as creativity is to idea generation. True False

Q:

Suppose you will receive $16,000 in 9 months and another $12,000 in 24 months. If the discount rate is 7% per annum (compounding monthly) for the first 12 months, and 14% per annum (compounding...

Q:

Todd Corporation sold 4 million of its $1 par common shares at $6 per share. The company received net proceeds from the public offering of $23,600,000, after deducting legal, promotional, and...

Q:

Todd Corporation sold 4 million of its $1 par common shares at $6 per share. The company received net proceeds from the public offering of $23,600,000, after deducting legal, promotional, and...

Q:

Create a program to shuffle and deal a deck of cards. The program should consist of a class Card , class DeckOfCards and a driver program (.cpp file with a main). Each class/cpp source file should...

Q:

Neil and Joan a Missile and sister duo own a small dry cleaning business. NeJoWe Cleaners! provides several services to its customers: dry cleaning of clothes and household linen, laundry, ironing,...

Q:

A production lot of five electronic components is to be tested to determine 6, the mean lifetime. A sample of five components is drawn, and the lifetimes XX, are observed. It is known that X,(0)....

Q:

On December 31, 2014, Dana Davis and Lou Ghai agree to combine their sole proprietorships into a partnership. Their balance sheets on December 31 are shown as follows. 1.Journalize the contributions...

Q:

On January 1, 2014, Robert Morris contributes land in a partnership with Andy Phillips. Morris purchased the land in 2010 for $300,000. A real estate appraiser now values the land at $700,000. Morris...

Q:

On October 1, 2014, Edwards, French, and Gill formed the E, F, and G partnership. Edwards contributed $21,000; French, $35,000; and Gill, $44,000. Edwards will manage the store; French will work in...

Q:

Please show how to retrieve answers with formula. 11. How many monthly payments remain to be paid on an 8% mortgage with a 30-year amortization and monthly payments of $733.76, when the balance...

Q:

Assume the firm can either take Project A or Project B. Project A will require the initial investment of $60,000 and will yield $12,000 at Year 1, $13,000 at Year 2, $14,000 at Year 3, $15,000 at...

Q:

Case Study For this assignment, following APA style, answer as comprehensively as possible the questions after each case summary. Please read the closing case BETHESDA MINING at the end of chapter 8...