Financing a long-term need

Discuss the risks of financing a long-term need with a short-term line of credit.There is an expression that it is best to operate a business using ânother people’s money.Given that other people’s money is reflected in accounts payable, explain how accounts payable affects the external funds required (EFR).Explain whether the expression is correct based on EFR.

Discuss the risks of financing a long-term need with a short-term line of credit

There is an expression that it is best to operate a business using “other people’s money” Given that other people’s money is reflected in accounts payable, explain how accounts payable affects the external funds required (EFR)

Explain whether the expression is correct based on EFR

Describe three major concepts you learned in this course and explain how you will utilize them in your current or future

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