Jones Manufacturing needs $450,000 to build a new plant. It must also spend $200,000 on new equipment for the plant. Both of the

Question

Zielflug [23.3K]

3 years ago

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Jones Manufacturing needs $450,000 to build a new plant. It must also spend $200,000 on new equipment for the plant. Both of the

se needs are examples of

Business

1 answer:

V125BC [204] · Answer 1 · 2022-03-14T00:15:29+03:00

Answer: long term financing needs

Explanation:

Long-term financing are the capital requirements for an organization for a period of five or more years. Long term financing needs are utilized for the capital expenditures in fixed assets such as the land and building, plant and machinery etc.

Therefore, Jones Manufacturing needs $450,000 to build a new plant. It must also spend $200,000 on new equipment for the plant. Both of these needs are examples of long term financing needs.