Which of the following is NOT an advantage of factoring?
A. Accounts receivable immediately turned into cash.
B. Elimination of credit and collection department.
C. Creation of a known pattern of cash flows.
D. The effective interest rate.
Answer:D
Which of the following is NOT an advantage of factoring?
A. Accounts receivable immediately turned into cash. B. Elimination of credit and collection department. C. Creation of a known pattern of cash flows. D. The effective interest rate.