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NEW QUESTION: 1
A company enters into an agreement with a firm who will factor the company's accounts receivable. The
factor agrees to buy the company's receivables, which average $100,000 per month and have an average
collection period of 30 days. The factor will advance up to 80 percent of the face value of receivables at an
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company estimates that the company would save $18,000 in collection expenses over the year.
Fees and interest are not deducted in advance. Assuming a 360-day year, what is the annual cost of
financing?
A. 12.0 percent.
B. 14.0 percent.
C. 17.5 percent.
D. 16.0 percent.
Answer: C
Explanation:
Choice "d" is correct. 17.5% annual cost of financing.
NEW QUESTION: 2
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C. Middle Men
D. Partner organization
Answer: B,D
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SSL Network Extender (SNX) is a thin SSL VPN on-demand client that is installed on the remote user's
machine via the web browser. What are the two modes of SNX?
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