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A factor is used to: Group of answer choices apply for credit. increase sales. accelerate cash receipts. borrow money.

Question

A factor is used to: Group of answer choices apply for credit. increase sales. accelerate cash receipts. borrow money.
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Solution 1

A factor is used to:

Accelerate Cash Receipts.

Explanation:

  1. Factoring is a financial transaction and a type of debtor finance where a business sells its accounts receivable (i.e., invoices) to a Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Kno

Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI is a

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