Homework Clinic
Social Science Clinic => Business => Topic started by: xxxxxxxxxxxx on May 9, 2022
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Question 1
Equity financing refers to arranging funding by selling ownership shares in the company.
◦ true
◦ false
Question 2
Factoring refers to lending a lump sum of cash via a promissory note or on-demand access without accepting any other securities.
◦ true
◦ false
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Answer 1
true
Equity financing refers to arranging funding by selling ownership shares in the company. Shares can be sold publicly or privately.
Answer 2
false
Factoring is a source of finance where a company sells its accounts receivable to an intermediary that collects from the customer.