How Does Factoring Work? Factoring is a transaction in which a business sells its invoices, or receivables, to a third-party financial company known as a âfactor.â The factor then collects payment on those invoices from the businessâs customers. Factoring is known in some industries as âaccounts receivable financing.â. The main reason that companies choose to factor is that they want to receive cash quickly on their receivables, rather than waiting the 30 to 60 days it often takes a customer to pay.
Giraffes ruminate day or night, with periods of sleep in between. Giraffes also rest with their eyes open, standing or lying for three to five minutes at a time. Throughout the night, a giraffe may deeply sleep for five to 10 minutes lying down, yet they rarely sleep more than 20 minutes total per day.
To graze on that many leaves, giraffes usually spend 16 to 20 hours per day standing and walking. Amazingly, giraffes don't need much sleep despite their long days of exercising and eating. They often only get 30 minutes to 2 hours of sleep every 24 hours from the short naps they take throughout the day.