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xercise 5 -Rather than using a bank, Your Co. factor's receivables when cash is tight....

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Accounting

image xercise 5 -Rather than using a bank, Your Co. factor's receivables when cash is tight. 7/5-Your Co. sells $40000 of receivables to Factor Co. which charges a 4% fee. 9/24-Your Co. sells $32000 of receivables to Factor Co. which charges a 4% fee. 12/5-Your Co. sells $20000 of receivables to Factor Co. which charges a 4% fee

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