Lumber liquidator has two options for short term loan 1


Lumber liquidator has two options for short term loan. 1. Committed line of credit with a rate of 3.1% per quarter. 2. no recourse factor who is will to buy their receivable. Lowes has an average collection period of 65 days. What is the maximum factor discount at which Lowes would prefer?

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Financial Management: Lumber liquidator has two options for short term loan 1
Reference No:- TGS01410971

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