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What steps would you follow to decide whether to lease or buy a computer system?
I choose lease instead of buying. Leasing: The Benefits Leasing keeps your equipment up-to-date. Computers and other tech equipment eventually become obsolete. [ With a lease, you pass the financial burden of obsolescence to the equipment leasing company. For example, let's say you have a two-year lease on a copy machine. After that lease expires, you're free to lease whatever equipment is
newer, faster and cheaper. (This is also a reason some people prefer to lease their cars.) In fact, 65 percent of respondents to a 2005 Equipment Leasing Association survey said the ability to have the latest equipment was leasing's number-one perceived benefit. You'll have predictable monthly expenses. With a lease, you have a pre-determined monthly line item, which can help you budget more effectively. Thirty-five percent of respondents to the Equipment Leasing Association's survey said this was leasing's second-highest benefit. You pay nothing up front. Many small businesses struggle with cash flow and must keep their coffers as full as possible. Because leases rarely require a down payment, you can acquire new equipment without tapping much-needed funds. You're able to more easily keep up with your competitors. Leasing can enable your small business to acquire sophisticated technology, such as a voice over internet protocol (VoIP) phone system, that might be otherwise unaffordable. The result: You're better able to keep up with your larger competitors without draining your financial resources. ]
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Asked 328 days ago|5/30/2013 6:04:44 PM
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What information is needed to prepare a cash budget?
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Asked 335 days ago|5/23/2013 4:00:33 PM
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What is the break-even point?
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How do you define working capital?
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Business and Money|No Subcategories|Expert Answered
Asked 331 days ago|5/28/2013 1:51:59 PM
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What may happen if an organization neglected to manage its working capital?
Weegy: Without sufficient working capital, a business will not be able to pay short-term creditors.Working capital management seeks to find the ideal level of working capital to ensure liquidity and maximize profitability. [ The working capital of an organization is the result of deducting its current liabilities, such as debts and utility bills, from its current assets, such as cash and inventory. Managers use their companies' working capital ... (More)
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