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Poutine Cheez Company has yearly sales of $450,000 and an average collection period of 30 days. A factoring company is offering a 30-day receivables loan

Poutine Cheez Company has yearly sales of $450,000 and an average collection period of 30 days. A factoring company is offering a 30-day receivables loan equal to 82% of the accounts receivable at 9.5...

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