Jiffy factors its receivables by discounting them 3 what is
The average credit sales for Jiffy Co. is $375,000. Accounts receivables average balance is $68,000. Jiffy factors its receivables by discounting them 3%. What is the effective cost of factoring?
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the average credit sales for jiffy co is 375000 accounts receivables average balance is 68000 jiffy factors its
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