MYTUTOR SUBJECT ANSWERS

303 views

What is Factoring?

This is a short term method of finance where credit notes are sold to factor houses for discounted prices. it allows a business to get their money instantly adn so improves cash flow. However factor houses take a percentage of the credit note. For example, if a business was waiting for a payment of £1000. They could take it to a factor house and get £900 for the same payment. This means that the company keeps 90% of the money, and gets the money instantly. 

Robyn C. A Level Business Studies tutor, GCSE Design & Technology tut...

8 months ago

Answered by Robyn, an A Level Business Studies tutor with MyTutor


Still stuck? Get one-to-one help from a personally interviewed subject specialist

8 SUBJECT SPECIALISTS

£20 /hr

Modupeola A.

Degree: Accounting and Finance (Bachelors) - Edinburgh University

Subjects offered:Business Studies, English Literature+ 4 more

Business Studies
English Literature
Economics
Accounting
-Personal Statements-

“I am a part-time tutor studying Accounting and Finance at the University of Edinburgh. I look forward to working with you to achieve your target grades. ”

£20 /hr

Nathan B.

Degree: International Relations and Politics (Bachelors) - Sheffield University

Subjects offered:Business Studies, Maths+ 1 more

Business Studies
Maths
History

“My love for teaching and learning will shine through and ensure that every student achieves what they want to achieve!”

Megan J. A Level Business Studies tutor, GCSE Business Studies tutor,...
£22 /hr

Megan J.

Degree: BSc Business (Bachelors) - Lancaster University

Subjects offered:Business Studies, Extended Project Qualification+ 2 more

Business Studies
Extended Project Qualification
Economics
-Personal Statements-

“I study BSc Business at Lancaster University which is in the top 10 and the management school is triple accredited.”

About the author

Robyn C. A Level Business Studies tutor, GCSE Design & Technology tut...
£30 /hr

Robyn C.

Degree: Business Management (Bachelors) - Cardiff University

Subjects offered:Business Studies, -Personal Statements-

Business Studies
-Personal Statements-

“Hi, my name is Robyn and I am a Business Management student at Cardiff University.  I am very patient and friendly and really enjoy teaching. I have been teaching Taekwondo since I was 15, so have a lot of experience teaching, with pe...”

You may also like...

Posts by Robyn

What is break even?

What is cash flow?

What is Factoring?

What is product diversification?

Other A Level Business Studies questions

Who are the key players in the world economy?

Explain the difference between redundancy and dismissal. A-level business, paper 1 2014.

What are the benefits of innovation within a business?

What are some of the benefits of redistributing income in the UK?

View A Level Business Studies tutors

We use cookies to improve your site experience. By continuing to use this website, we'll assume that you're OK with this. Dismiss

mtw:mercury1:status:ok