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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

How important is trade credit as a source of short-term financing?

Summary Introduction

To determine: The importance of trade-credit as a source of short-term financing.

Introduction: A trade credit is an contract or comprehension between operators occupied with business with each other that permits the trading of merchandise and services with no prompt exchange of cash.

Explanation

The importances of trade-credit as a source of short-term financing are as follows:

Trade credit is a vital resource of short term financing, it is between of 80% and 90% of all exchanges between organizations include some trade credit...

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