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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 does short-term financing differ from long-term financing? Give two business uses for each type of financing.

Summary Introduction

To determine: The ways in which short-term financing varies from long-term financing and two business uses for each financing type.

Introduction: Financing is the procedure of giving finances to business operations, creating procurements or investing. Financial organizations for example, banks are in the matter of giving funding to businesses, purchasers and investor to enable them to accomplish their objectives.

Explanation

The ways in which short-term financing varies from long-term financing and two business uses for each financing type are as follows:

  • Short-term financing is cash that will be utilized for one year or less and after that reimbursed.
  • Long-term financing is cash that will be utilized for longer than one year...

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