1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Drupady [299]
3 years ago
7

Why would firms that rely heavily on credit sales find factoring attractive?

Business
1 answer:
lorasvet [3.4K]3 years ago
5 0
From my understanding, factoring is a specific transaction in which a business sells its invoices to a factor, which is a third party commercial financial company. This process is completed so that the business can get cash quicker than it would to wait for a customer’s payment. With factoring, a company will have more<span>more more flexibility because the funds are not restricted, rather than having to deal with a typical bank loan</span><span />
You might be interested in
Land of Many Lakes (LML) sells butter to a broker in Albert Lea, Minnesota. Because the market for butter is generally considere
Mice21 [21]

Answer:

A. can choose the quantity of butter that it produces but not the price at which it sells its butter.

Explanation:

Taking into consideration the characteristic of the market explained in the exercise we would say that it is a Competitive Market.

One of the characteristics of a Perfect Competitive Market is that the price of the products is determined by the market, which means that no single seller can't change or influence the price on its own.

Hope it helps. Good luck.

3 0
3 years ago
Joe's Hardware is adding a new product line that will require an investment of $ 1,512,000. Managers estimate that this investme
Sati [7]

Answer:

6.05 years

Explanation:

Payback period is the time in which a project returns back the initial investment in the form of net cash flow. For this purpose we use the net cash flows to calculate the payback.

Payback working is attached with this answer please find it.

7 0
3 years ago
Many automobile companies have custom options available for disabled people.
bazaltina [42]
<span>True. Many automobile companies offer adapted cars for disabled people, for example offering adjusted hand controls, altering access to the vehicle so it is wheelchair accessible or adjusting the space in the back of the vehicle so a wheelchair or mobility scooter can fit.</span>
8 0
3 years ago
When working with international firms, U.S. businesses Multiple Choice expect socially responsible behavior from their business
Brilliant_brown [7]

When working with international firms, U.S businesses expect socially responsible behavior from their business partners.

<h3><u>Why do U.S businesses increasingly focus on international businesses?</u></h3>

American businesses are aware that doing business abroad will boost productivity and broaden their population, which will promote economic expansion. Since the beginning of time, there have been numerous international exchanges, and American businesses now recognize the advantages of offering their services abroad.

To cut costs, some US companies relocate abroad. To grow their business, other companies venture abroad. Many companies can successfully operate on a global scale.

You can learn more about international business using this link:

brainly.com/question/15054188

#SPJ4

4 0
2 years ago
An aging of Lily Company’s accounts receivable as of December 31 revealed the following. Amount % Uncollectible Current $20,000
lana66690 [7]

Answer:

What is BAD DEBT EXPENSE for THIS year?

4000

Explanation:

Aging    

Current          20000 2% 400

1-30                  50000 4% 2000

31-60         30000 7% 2100

Over 60         10000 25% 2500

   

                            7000

Allowance bad debts   3000

Expense                    4000

4 0
3 years ago
Other questions:
  • Carroll Corporation has two products, Q and P. During June, the company's net operating income was $25,000, and the common fixed
    6·1 answer
  • Company A sells paper coffee cups to all Costa Coffee locations in the UK. Company B sells dinner plates to Nando’s in the UK. C
    10·1 answer
  • Which of the following statements is FALSE?a. Electronic procurement systems can aid a company in saving both time and money.b.
    12·1 answer
  • How much money does the founder of Google make a year?
    9·1 answer
  • The freedom to make your own decisions can be limited if the business you choose is a
    13·1 answer
  • Scotland Corporation had net income for 2018 of $ 77 comma 000. Scotland had 13 comma 000 shares of common stock outstanding at
    13·1 answer
  • Your boss listens to employees personal problems and tries to create a positive work environment by being agreeable, eager to he
    13·1 answer
  • Highland Clothing purchased​ land, paying $ 92 comma 000 cash and signing a $ 300 comma 000 note payable. In​ addition, Highland
    6·1 answer
  • Financial information for BDS Enterprises for the year-ended December 31, 20xx, was gathered from an accounting intern, who has
    13·1 answer
  • True or false: The many legal barriers in place around the world makes it difficult to buy securities from foreign companies.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!