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Factoring
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(b) Determine whether the factoring company’s offer can be recommended on financial grounds. Assume aworking year of 365 days and base your analysis on financial information for 2006. (8 marks)
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___is an agreement whereby the seller provides goods or services to the buyer without asking the latter for immediate cash payment.
A.trade creditB.bank loansC.commercial paperD.factoring accounts receivable
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保付代理（factoring）业务
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