What are factoring and receivables lending?
Question:
What are factoring and receivables lending?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
Factoring is a process of selling your busine...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
Trade receivables that are reported on a statement of financial position should reflect the amount that is expected to be realized when collecting from customers. As indicated in Chapter 6,...
-
A. Financing with receivables Omicron Inc. provided the following footnote disclosure regarding certain financing arrangements it made with its accounts receivable. During the year, Omicron entered...
-
MDM Inc. is considering factoring its receivables. The firm has credit sales of $ 400,000 per month and has an average receivables balance of $ 800,000 with 60- day credit terms. The factor has...
-
Suppose that a typical taxpayer has a marginal personal income tax rate of 35 percent. The nominal interest rate is 13 percent, and the expected inflation rate is 8 percent. a. What is the real...
-
Demand for a specific type of cake at a local pastry shop can be approximated using a Poisson distribution with a mean of six per day. The manager estimates it costs $9 to prepare each cake. Fresh...
-
Suppose that the two speakers in Figure 17.7 are separated by 2.50 m and are vibrating exactly out of phase at a frequency of 429 Hz. The speed of sound is 343 m/s. Does the observer at C observe...
-
What are some new features of Project 2010, and how do they differ from previous versions of Microsoft Project? LO.1
-
The Northern Division of Shea Corporation makes and sells tables and beds. The following estimated revenue and cost information from the divisions ABC system is available for 2013. Additional...
-
QUESTION 48 Smith dies on November 26, 2020. His estate includes a home he purchased decades ago which he left to his son John. The adjusted basis of the home to Smith as of his death was $180,000,...
-
In a sample of 1446 U.S. registered voters, 217 said that John Kennedy was the best president since World War II. Two registered voters are selected at random without replacement. (a) Find the...
-
What is a direct public offering?
-
Find the Web solicitation for a direct public offering under the new crowdfunding regulations. (You might start at http://www.seedinvest.com/offerings or other similar sites.) Describe the venture...
-
Describe at least two career options someone with an accounting education can pursue. Be sure to reference sources such as the Bureau of Labor Statistics and the American Institute of Certified...
-
The relevance ( Relevance ) and the reliability ( Reliability ) represent two characters Key qualitative statistics of information n accountant. What What do these two mean? terms in an accounting...
-
A virtual memory system has a page size of 1024 bytes, six virtual pages, and five physical page frames. The page table is shown in Table Q2(d) as follows: Virtual Page Number (VPN) 0 Page Frame...
-
31. z = x + 2xy, determine which of (I)-(II) in Figure 12.31 are cross- sections with x fixed and which are cross-sections with y fixed. (1) (11) -2 -2+
-
WHAT DOES SOCIETY EXPECT FROM ORGANIZATIONS AND MANAGERS? Introduction: TOMS Shoes has a unique idea to promote corporate social responsibility. For each pair of shoes it sells, it donates a pair to...
-
1. A car heading east turns right at a corner. The car turns at a constant speed of 20.0 m/s. After 12 s, the car completes the turn, so that it is heading due south at 20.0 m/s. Calculate the car's...
-
Write the terms of for each function. Evaluate the sum. (x) = 2x 2 Ef(x;)Ax, with x1 = 0, x2 = 2, x3 = 4, x4 = 6, and Ax = 0.5, i=1
-
Problem 3.5 (4 points). We will prove, in steps, that rank (L) = rank(LT) for any LE Rnxm (a) Prove that rank (L) = rank (LTL). (Hint: use Problem 3.4.) (b) Use part (a) to deduce that that rank(L) =...
-
Refer (rather than return used in the first printing) to the financial statements data provided below for Safety-First, Inc. SAFETY-FIRST, INC. A. Calculate the net profit margin, the...
-
Describe the cash conversion cycle .
-
From the Headlines - Sustainable Northwest: Describe Sustainable Northwest's short-term inflows and outflows of cash. What would you expect to be the main ingredients of each part of the cash...
-
During 2024, its first year of operations, Hollis Industries recorded sales of $11,900,000 and experienced returns of $760,000. Cost of goods sold totaled $7,140,000 (60% of sales). The company...
-
What is the value of a 15% coupon bond with 11% return? Is it a discount or a premium bond?
-
A manufacturer with a December 31 taxation year end sells new machinery for $50,000 on January 2, 2022. The cost of the machinery is $20,000. The terms of the sale require an initial payment of...
Study smarter with the SolutionInn App