Business, 27.07.2020 01:01, xelynncaldera

(Factoring) Your firm has an average collection period of 31 days. Current practice is to factor all receivables immediately at a discount of 1.25 percent. What is the effective cost of borrowing EAR in this case

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(Factoring) Your firm has an average collection period of 31 days. Current practice is to factor all...