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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.
Factory Layout The first stage of implementing the JIT manufacturing techniques is to rearrange the factory floor away from the batch production functional layout towards a pro
I WANT TO KNOW THE RULES FOR DOING LIFO AND FIFO
Decision Making Process Decision making is the process of choosing among alternatives. There are 7 steps that should be followed as shown in figure below: Figure:
what are the factors should be considered before terminated the operation of a losing firm??
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