Business, 14.12.2021 01:00 sherylpoche23

Rogue Spices Inc. has a Canadian receivables contract for$200,000 due in 270 days. The firm has been approached by a factoring firm that offers to purchase the receivables at a 12% per annum discount plus a 1% charge for a nonrecourse clause. What is the annualized percentage all in cost of this factoringalternative? A. 13.00%

B. 12.00%

C. 14.82%

D. 9.09%

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Rogue Spices Inc. has a Canadian receivables contract for$200,000 due in 270 days. The firm has been...