is a collection and finance
service designed to improve the
client's cash flow by turning his credit
sales into ready cash.
(1) venture capital fund
(2) factoring
(3)mutal fund
(4)merchant banking
Answers
Answered by
18
Answer:
is a collection and finance
service designed to improve the
client's cash flow by turning his credit
sales into ready cash.
(1) venture capital fund
(2) factoring
(3)mutal fund
(4)merchant banking
Answered by
0
Answer:
Option 2 - Factoring is a collection and finance service designed to improve the client's flow by turning his credit sales into ready cash.
Explanation:
- Factoring, accounts receivable factoring or accounts receivable finance is when one company purchases receivables or invoices from another company.
- Factoring is also considered a form of invoice rebate in many markets and is very similar, only in different circumstances.
- This purchase discounts accounts receivable and allows buyers to make a profit by paying off their debts.
- Factoring transfers ownership of the account to another party, who collects the debt.
Hence, factoring is the correct answer.
#SPJ3
Similar questions