F9 – finances receivables

This topic has 1 reply, 2 voices, and was last updated 15 years ago by tammi.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
March 2, 2011 at 8:16 pm #47633
coco78
Member
- Topics: 8
- Replies: 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
tammi
Member
- Topics: 3
- Replies: 42
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,
Tammi
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.