Answered: Which of the following method is used…

Which of the following method is used by the companies to finance their receivables from slow paying customers? a. None of the options b. Bank overdraft c. Cash credit d. Factoring

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 11MC: Which of the following best represents a positive product of a lower number of days sales in...

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Concept explainers

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.

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28. Which of the following method is used by the companies to finance their receivables from slow paying customers? a. None of the options b. Bank overdraft c. Cash credit d. Factoring

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