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Describe the advantages and disadvantages of receivables

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Question - Describe the advantages and disadvantages of factoring receivables for your business.

Your company is in desperate need of cash to pay its current due bills. Currently, you have a lot of accounts receivables on your books, but can not wait to be paid. Use the internet to search for various companies that provide factoring services for receivables.

Respond to the following questions and,

What are some of the advantages of using a factoring company?

What is the average fee or percentage range charged on the receivables?

How quickly will your company be paid in cash?

What are the disadvantages of using a factoring company?

In your opinion, should your company use a factoring company to pay its bills or are there any other options?

Reference no: EM132805353

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