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A firm sells $153,600 of its accounts receivable to factors at a 5 percent discount. The firms average collection period is one month. What is
A firm sells $153,600 of its accounts receivable to factors at a 5 percent discount. The firms average collection period is one month. What is the dollar cost of the factoring service?
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Contemporary Mathematics
Authors: OpenStax
1st Edition
1711470554, 978-1711470559
