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Assume that the operation of your business resulted in sales of $730,000 last year. Year end recievables are $100,000. You are considering factoring the the

Assume that the operation of your business resulted in sales of $730,000 last year. Year end recievables are $100,000. You are considering factoring the the recievables to raise cash to help finance your ventures growth. The factor imposes a 7 percent discount and charges an additional 1 percentfor each expected ten-day average collection period over thirty days.

    1. < 30 day collection?
    1. =60 day collection?
    1. 8% discount and .5% per 15 days?
    1. Average collection period?

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