A firm sells its 1150000 receivables to a factor 1138500
Question - A firm sells its $1,150,000 receivables to a factor $1,138,500. The average collection period is 1 month. What is the effective annual rate on this arrangement?
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question - a firm sells its 1150000 receivables to a factor 1138500 the average collection period is 1 month what is
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