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Full Service Non Recourse: in this method the book debts are purchased through the factor assuming 100 percent credit risk. In case of default through the debtor the whole risk is borne through the factor. Moreover to this the factor may also advance 80 to 90% of the books debts instantly to the client. Payments are made straight to the factor through the customers. The factor also keeps the accounts and sales ledger and prepares according to the age reports of good book debts. These kind of factoring services are particularly suited to the subsequent conditions as:
a) Amounts concerned per customer are relatively substantial
b) There are large numbers of customers of whom the client cannot have personal knowledge
c) Clients need to have 100 percent cover rather than 70 to 80% cover provided via the insurance companies.
These loans are given by the Banker for short periods for an exact activity like financing for a civil contract work. As the customer receives payment, the transaction will be repa
I need to complete a sale Budget; however I don''t have the sale price, I have the actual and Budgeted sales dollar Data0Sales Budget, and The following actual information that rel
Classification of ratio according to significance The ratios have also been classified according to their significance. Some ratios are more important than other and the fir
Lila Battle has determined that the annual demand for number 6 screws is 100,000 screws. Lila, who works in her brother's hardware shop, is in charge of purchasing. She estimates t
Queuing problems There are two main approaches to queuing problems: • simulation • queuing theory formula Where simple situations apply, queuing theory should be used
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Gather data concerning the relationship among the dependent and independent variables Collecting data is generally the most hard and time-consuming element of CER development.
DOMINANCE Dominance strategy is useful for reducing the size of the payoff table. Rules of Dominance: 1) If all the elements in a column are greater than or equal to the
How do the different cost classifications can assist the management
Define Materials cost variance Material cost variance (MCV) is the difference between the standard cost of material specified and the actual cost of materials used." It is the
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