Asked by Danielle Woods on May 10, 2024
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Firms often rely on short-term sources of funds to pay for large,permanent assets,such as machinery and buildings.
Short-term Sources
refer to financial resources or loans that are expected to be repaid within a year.
Permanent Assets
Also known as fixed assets; these are long-term resources owned by a business, like property, plant, and equipment, expected to provide value for several years.
Machinery
Machines collectively, especially those used in production or some form of labor.
- Acquire a deep understanding of the nature and ramifications of multiple sources of corporate finance, particularly trade credit and debt instruments.
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Learning Objectives
- Acquire a deep understanding of the nature and ramifications of multiple sources of corporate finance, particularly trade credit and debt instruments.
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