Determine which of the statements is not true

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Question 1: Your company is considering factoring its receivables. Which of the following statements is NOT true?

Option a Factoring will reduce bad debts because your customers will be more likely to pay.

Option b Factoring would allow you to receive the cash from your sales more guicl-dy.

Option c lf you factor your receivables "With Recourse" you can negotiate a better price.

Option d If you factor your receivables "Non-Recourse" future sales could be affected.

Option e The factor would not be lending against your receivables. They would actually own the receivables.

Reference no: EM132482638

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