Factoring provides cash to companies in exchange for the rights to cash that will be collected...

Question

Question

Factoring provides cash to companies in exchange for the rights to cash that will be collected...

Factoring provides cash to companies in exchange for the rights to cash that will be collected from their customers.

a. True

b. False

business Operations-Management

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Answer 1

Answer #1

True

In a factoring agreement, the seller relinquishes all rights of the party to future cash receipts in exchange for cash again from the factor that is available.

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Answer 2

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Factoring provides cash to companies in exchange for the rights to cash that will be collected...

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Factoring provides cash to companies in exchange for the rights to cash that will be collected...