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Josa Garments is owed $476,000 by its customers but is experiencing a short-term cash crisis and needs funds to meet next month's payroll. Instead of
Josa Garments is owed $476,000 by its customers but is experiencing a short-term cash crisis and needs funds to meet next month's payroll. Instead of taking out a bank loan, it sells some of its accounts receivable to an intermediary who will then collect those funds from the customers. This is known as ________. a trade credit b collateralizing c factoring d a line of credit e capital structuring
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