A factor is used to: Group of answer choices apply for credit. increase sales. accelerate cash receipts. borrow money.
Question
Solution 1
A factor is used to:
Accelerate Cash Receipts.
Explanation:
- 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
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