Factoring is: Group of answer choices A.servicing mortgage factors. B.financing automobile purchases. C.equipment leasing. D.making installment...
Factoring is:
Group of answer choices
A.servicing mortgage factors.
B.financing automobile purchases.
C.equipment leasing.
D.making installment loans to customers.
E.purchasing corporate accounts receivables at a discount.
Homework Answers
E.purchasing corporate accounts receivables at a discount.
Factoring is a transaction between firm and third party (such as bank etc, called Factor), in which firm sells its account receivables (debtor) to factor at a discount to fulfill its current cash requirements.
Hope this will help, please do comment if you need any further explanation. Your feedback would be highly appreciated.
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Factoring is:
Group of answer choices
A.servicing mortgage factors.
B.financing automobile purchases.
C.equipment leasing.
D.making installment...
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The mortgage is said to be underwater when
Group of answer choices the value of the house exceeds the value of
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Click to watch the Concept Clip Installment Credit video and then answer the questions below. 1. Why is there more interest pald at the beginning of a loan than at the end? a. Banks want to recoup at the beginning the money they loaned. b. Interest is carried over each month and recalculated, thus increasing the percentage. C. At the beginning of the loan, the principal balance is larger than it is at the end. d. The interest percentage rate...
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