Question and answer
Since commercial finance companies offer loans to higher risk customers than commercial banks, the interest rates they charge are usually ________ than rates charged by banks. higher lower more predictable subject to lower taxes
Since commercial finance companies offer loans to higher risk customers than commercial banks, the interest rates they charge are usually higher than rates charged by banks.
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Asked 11/30/2015 10:52:27 AM
Updated 11/27/2016 8:32:22 PM
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Since commercial finance companies offer loans to higher risk customers than commercial banks, the interest rates they charge are usually higher than rates charged by banks.
Added 11/27/2016 8:32:22 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [11/28/2016 7:46:54 AM]
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Questions asked by the same visitor
________ is a form of short-term financing. Businesses buy merchandise from their suppliers, but are not required to pay for their purchases until some future date. Secured credit Trade credit Revolving credit Factoring
Question
Not Answered
Updated 9/24/2017 5:04:07 PM
1 Answer/Comment
Trade credit is a form of short-term financing. Businesses buy merchandise from their suppliers, but are not required to pay for their purchases until some future date.
Added 9/24/2017 5:04:07 PM
This answer has been confirmed as correct and helpful.
Confirmed by Masamune [9/24/2017 11:29:00 PM]
The most widely used source of short-term funding is: trade credit. a line of credit. factoring. commercial finance companies.
Question
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Updated 11/30/2015 10:36:39 AM
1 Answer/Comment
The most widely used source of short-term funding is: TRADE CREDIT.
Added 11/30/2015 10:36:39 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [11/30/2015 10:41:11 AM]
Which of the following statements about taxes is accurate? Taxes represent an inflow of cash to the firm. Profitable businesses usually pay taxes. Tax management falls within the responsibility of marketing managers. Taxes cannot be managed because of fluctuations in political policy.
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Updated 6/6/2018 4:19:51 PM
1 Answer/Comment
Profitable businesses usually pay taxes is an accurate statement about taxes.
Added 6/6/2018 4:19:51 PM
This answer has been confirmed as correct and helpful.
If a company secures a one-year bank loan it is considered ______. short-term financing asset funding liability funding long-term financing
Question
Updated 12/3/2017 11:49:31 AM
2 Answers/Comments
If a company secures a one-year bank loan it is considered a current liability.
Added 12/3/2017 11:49:31 AM
This answer has been confirmed as correct and helpful.
Which of the following would normally involve long-term financing? Worker's salaries Unanticipated emergencies Purchase of modern equipment Expanding current inventory
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Updated 1/10/2019 7:52:27 PM
1 Answer/Comment
Purchase of modern equipment would normally involve long-term financing.
Added 1/10/2019 7:52:27 PM
This answer has been confirmed as correct and helpful.
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