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sveticcg [70]
3 years ago
7

Although best used as a last resort, many small businesses find it convenient to use __________ as a short-term source of financ

ing. although this form short-term debt comes with high interest rates, it provides a quick line of credit for many firms, including start-up companies who may not be able to secure bank loans.
Business
2 answers:
tigry1 [53]3 years ago
8 0

Answer:

Although best used as a last resort, many small businesses find it convenient to use<u> credit cards</u> as a short-term source of financing. although this form short-term debt comes with high interest rates, it provides a quick line of credit for many firms, including start-up companies who may not be able to secure bank loans.

Explanation:

A credit card is defined as a document of plastic material issued by a bank or specialized institution in the name of a person, who can use it to make purchases <u>without having to pay in cash </u>and can also take the payment of the products to periods futures.

Credit cards usually have a <em>money limit </em>that allows the person to buy or consume services the card is disabled. However, the credit card issuer charges the merchant a percentage for this service and in some cases a fixed annual fee to the holder.

Virty [35]3 years ago
5 0

Answer:

Credit cards

Explanation:

Credit cards can allow for easy access to money. They can also be expensive if the balance is carried or they are overused.

You might be interested in
For Hair Salon<br><br> How much funding do you think you need to run your business for 1 year? Why?
ad-work [718]

Answer:

100,000 for a building and expect to have an extra 40,000 for hair equipment.

Explanation:

Honesty there will be a difference depending on where you live. But even small office space can range from 100,000 to 600,000 and keep in mind that you will need to have anywhere from 40,000 to 250,000 for any hair equipment. Staring a business is not cheap but most people try to start their business off at home they work their way up the ladder to success.  

Hope this helps and good luck!

3 0
3 years ago
External benefits in consumption refer to benefits accruing to those a. who bought and consumed the product.b. who are selling t
Sphinxa [80]

Answer:

The correct answer is d) other than the ones who consumed the product.

Explanation:

An external benefit happens when producing or consuming a good or service, causes a benefit to a third party or person.

For example:

When a constructor builds a new block of apartments, the developer should build access roads to the new construction. The external benefit appears when these roads can be used by the residents of other buildings and the neighbors.

3 0
3 years ago
The process of alliance management begins with
bonufazy [111]
The process of alliance management begins with selecting the most appropriate partner. Typically, alliance managers work in partnership with other companies to achieve what their company can not achieve alone. An alliance manager needs to know all the aspects of his company's business.
3 0
3 years ago
An accounting system must be able to a.collect and classify information. b.summarize information. c.report information. d.All of
Vikentia [17]

Answer:

The answer is D.

Explanation:

The chronological order of Accounting System is:

Collecting of information

Classifying of information

Summarizing of information

Reporting a business financial

and operating information.

You can see all the options are in the chronological order of accounting system. Therefore, all of the above is correct.

5 0
3 years ago
Tomas earned $89 in interest on his savings account last year and has decided to leave the $89 in his account this coming year s
mamaluj [8]

Answer:

compound interest

Explanation:

compound interest is a practice where the interest earned qualifies to earn more interest. Compound interest is offered on some savings accounts. The interest earned every  year is not withdrawn but is added to the principal amount. The principal amount increases at the beginning of every period.

The act of adding interest to the principal, which results in interest earnings on interest, is known as compound interest. Accounts that offer compounding interest are preferred to simple interest accounts. A saved amount in a compound interest account will grow faster as the principal amount will increase every year.

7 0
3 years ago
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