F9 – finances receivablesForums › ACCA Forums › ACCA FM Financial Management Forums › F9 – finances receivablesThis topic has 1 reply, 2 voices, and was last updated 13 years ago by tammi.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts March 2, 2011 at 8:16 pm #47633 coco78MemberTopics: 8Replies: 4☆Re – BPP Q8‘PNP finances receivables from an overdraft at an annual interest rate of 8%’Is the above sentence means that the Company is using overdraft as working capital while waiting payment from customers? March 6, 2011 at 7:22 pm #79429 tammiMemberTopics: 3Replies: 44☆Hi there,You are right, the source of funding is overdraft to support the receivables and the cost of the overdraft is 8% per year.Regards, TammiAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In