The most widely used source of short-term funding that Mr. Boyd (and other small business owners) would use to operate their business is trade credit.
<h3>What is Trade Credit?</h3>
This refers to the purchase financing where a person is allowed to collect goods and pay for them at a later date.
Hence, we can see that short term fundings are used to help startups and other businesses to stay afloat and the type of funding used by Mr. Boyd is trade credit.
Read more about trade credit here:
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Answer:
Explanation:
What is Henry's answer to the objection that the colonists are not ready to fight against the British? Henry says that there are enough people with the motivation to achieve independence, which he says will easily defeat any other country. He also says that God is on their side and will help them through the battle.
The exercise is related to the Ratio Test for Convergence. The rules for this kind of test are given below.
<h3>What are the rules for Ratio Test for Convergence?</h3>
The rules are:
- If the limit is less than 1 when conducting the ratio test, your series is definitely convergent.
- The test is inconclusive if the limit is equal to 1.
- The series is divergent if the limit is greater than 1.
Using this knowledge, we are able to state that
- A is not conclusive.
- C's convergence is absolute.
- There is divergence with D and E.
- B and F appear to be employing the nth-term test. The nth-term involves determining the sequence's limit as it approaches infinity.
The nth-term test determines whether a series is divergent if the limit is bigger than 0, thus, both B and F are divergent series.
Please see the attached for the full question and the link below for more about Ratio Test for Convergence:
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Answer:
a. expected retaliation from competitors.b. the cost of substitute products.c. variable costs of production.d. customers' high switching costs.
