Foundations of Financial Management
16th Edition
ISBN: 9781259277160
Author: Stanley B. Block, Geoffrey A. Hirt, Bartley Danielsen
Publisher: McGraw-Hill Education
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Question
Chapter 6, Problem 7DQ
Summary Introduction
To explain: The significance of short-term financing methods over a normal financing plan used by a firm for certain permanent current assets.
Introduction:
Short-term financing:
It is a type of financing through which the short-term needs of organizations are met. Such finance has a maturity period of less than a year and is referred to as working capital finance.
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Chapter 6 Solutions
Foundations of Financial Management
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