Factoring Finance 1. Understanding impact of factoring on cash position and business of BCC Business Consulting Corporation (BCC) is a consulting company that helps large corporate clients overcome marketing challenges and provides them with strategies and solutions to help increase market awareness - and sales. Although BCC is a relatively small company with just lew employees, they have secured three large accounts. However, between start-up costs hiring employees, and marketing expenses, the company only has 315,000 left in the bank Their three customers each pay 3100,000 per month for services. However, their customers pay 45 days after services have been delivered. The company's payroll is 165,000 per month An additional 240,000 per month is spent on other general business expenses. Calculate the cash position of BCC: (a) Before availing factoring finance (b) Assuming have availed 85% pre-advance against receivables from Foremost Factoring Limited. (c) Assuming post factoring BCCs adds two new customers at 100,000 per month resulting in account receivables increasing to $500,000 per month and payroll an general expenses now at 185,000 and 65000