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In the revision kit qn 79 without recourse
why they took full .9% and not .6% because it is said that the factor reduces the bad bebt from .9% to point .6%Non-recourse factoring means that the factor suffers the bad debts – the company will receive the full amount (and therefore save all .9%).
So watch my free lectures on this – the lectures are a complete free course for paper FM and cover everything needed to be able to pass the exam well.
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