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