Introduction to Factoring 0% 148 How does factoring benefit sellers? Raises taxes Increases debt burden Decreases business efficiency Provides immediate cash flow Name two parties involved in a factoring transaction. Buyer and seller Seller and factor Bank and government Factor and government In which industries is factoring most prevalent? All of the above IT Services and software Manufacturing Retail, Hotel & Healthcare What is factoring in trade finance? A type of insurance A form of guarantee It is like bill discounting A form of financing where a business sells its accounts receivable to a factor Notice of Assignment is sent to: Buyer Seller Credit Insurer Import Factor What is the typical factoring fee structure in Factoring? Variable fee based on the debtor's credit score As per SOFR Monthly subscription fee Fixed percentage of the invoice amount Please enter your name and email address to view the results. Your score is The average score is 55% LinkedIn Facebook Twitter 0%
