1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ratelena [41]
3 years ago
13

Shelly has a business that requires her to take out a loan to finance short-term working capital needs since she extends credit

repayment terms to her customers. Her working capital needs vary over time depending on her customer orders. The best type of loan financing for this is a_____________.
a. Revolving loan
b. Term loan
c. Secured loan
d. None of these are correct
Business
1 answer:
OLEGan [10]3 years ago
6 0

Answer:

Revolving loan

Explanation:

A revolving loan can be described as a loan that has a fixed monthly repayment. The interest rate that will be paid depends on the individual previous credit score and well as how well the individual can afford it.

The revolving loan provides access to a rolling credit facility, it enables the individual to borrow some amount of money again which could be up to your original loan amount, as long as a certain percentage of the loan has been repaid.

A revolving credit loan helps to provide cash for the business day-to-day activities thereby leading to an effective cash flow management for small businesses.

You might be interested in
01:42:59 Scott really enjoys working with money, including making it grow. He is also a natural leader and would enjoy working w
umka2103 [35]
The finance cluster and the management cluster would be best for Scott because in finance he can work with money and others but in the management cluster he can be a leader working with others.
6 0
3 years ago
Read 2 more answers
The Japanese method of organizing for product design features: a. teams. b. product managers (champions). c. distinct department
Dvinal [7]

Answer:

The correct option is D, a single organization without subdivisions or individual teams.

Explanation:

Typically organizations are divided along functions and divisions.

A functional structure consists of different departments such as production,marketing ,finance.supply chain,maintenance, human resources and so on,with each function saddled with distinct responsibilities and having its own performance metrics.

Under a divisional structure, the firm is divided into division based on location or products with each division having different functions under it.

However, the Japanese method does not support divisionalization or departmentalization, instead advocated for an organization where everyone irrespective of specialty is seen as a member of a single team

8 0
3 years ago
What is 2divided by 100
aleksley [76]

Answer:

0.02

Explanation:

4 0
3 years ago
Read 2 more answers
Skymont Company wants an ending inventory each month equal to 30% of that month's cost of goods sold. Cost of goods sold for Feb
Law Incorporation [45]

Answer:

Purchases for February would be: $46,500

Explanation:

Prepare a Purchases Budget to find the Purchases for February.

<u>Purchases Budget for February</u>

Budgeted Cost of Sales                                                    $45,000

Add Budgeted Closing Inventory ($45,000 × 30%)         $13,500

                                                                                           $58,500

Less Budgeted Opening Inventory                                 ($12,000)

Budgeted Purchases                                                         $46,500

5 0
3 years ago
Outsourcing means that :
g100num [7]

Answer:

B

Explanation:

It is the correct answer and outsourcing is were another company hires a company to essentially do their job. But done by a different company.

7 0
3 years ago
Other questions:
  • Indicate which of the following costs should be expensed when incurred. (a) $13,000 paid to rearrange and reinstall machinery. s
    12·1 answer
  • Saran Company has contacted Crane with an offer to sell it 5,100 of the wickets for $16 each. If Crane makes the wickets, variab
    10·1 answer
  • The units of an item available for sale during the year were as follows: Jan. 1 Inventory 20 units at $360 $ 7,200 Aug. 13 Purch
    7·1 answer
  • Shifting from producing 500 scarves and 225 sweaters, to producing 100 scarves and 350 sweaters would
    13·2 answers
  • Carl, the information technology head at Cloud Denim, a clothing company, has to update the enterprise software system used by t
    8·1 answer
  • Eula, a company that manufactures soda, offers its latest products at very low prices. Eula's strategy is based on the assumptio
    14·1 answer
  • Calculate the price elasticity of supply for Bobbie's Bakery's sourdough loaf. When the price changes by 23 % 23% , the quantity
    7·1 answer
  • The impact of interest rate changes in the PV of $100 due in 20 years compared to the PV of $100 due in one year are:
    14·1 answer
  • A manager needs to assign her team to work on different types of programs in the community. Any team can work on any of the prog
    5·1 answer
  • Firestone allows companies like Sears and Discount Tire to distribute and discount its tires. This action significantly increase
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!