Understanding Business
Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Chapter 18, Problem 5DWS
Summary Introduction

To discuss: The pros and cons of factoring services.

Introduction:

Factoring refers to a process in which company sell its account receivable to third party at discount in order to increase capital.

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