Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
bartleby

Concept explainers

Question
Book Icon
Chapter 18, Problem 5DCS
Summary Introduction

To discuss: The pros and cons of factoring services.

Introduction:

Factoring refers to a process in which company sell its account receivable to third party at discount in order to increase capital.

Blurred answer
Students have asked these similar questions
How can I Describe the effect of financing strategies on the cost of capital? And how can I Describe the benefits and risks of debt financing? In HealthCare
2. what is the difference between start up finance and start up revenue? explain
What is the reason that startup companies are generally not eligible to receive cash through a factoring program?
Knowledge Booster
Background pattern image
Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning