=+9* (Examination level) A factoring company has offered a one-year agreement with Glub Ltd to both manage

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=+9* (Examination level) A factoring company has offered a one-year agreement with Glub Ltd to both manage its debtors and advance 80 per cent of the value of all its invoices immediately a sale is invoiced. Existing invoices will be eligible for an immediate 80 per cent cash payment.

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