Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if a firm uses long-term financing to cover short-

If a firm uses long-term financing to cover short-term needs it is: a)...

70.2K

Verified Solution

Question

Accounting

If a firm uses long-term financing to cover short-term needs it is:
a) assuring itself of having adequate capital always.
b) is taking a profitable approach to financing.
c) is taking a relatively risky approach to financing.
d) incurring a lower overall interest cost in comparison with short-term financing.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Distinguish among the different types of blood cells and compare the functions of the various leukocytes. As...

Biology
1.2K views

estment have decreased by 2 million If no other line items such as ports for...

Physics
1.2K views

8 Locate the centre of mass of arrangement shown in figure The three rods are...

Basic Math
1.2K views

12. An object is launched at 19.6 meters per second from a 58.8 meter tall...

Algebra
1.2K views

etermine the domain and range for the graph below Write your answers in interval notation...

Accounting
1.2K views

wage and payroll tax expenses are somewhat unique in that

Accounting
1.2K views

In your own word Discuss the purpose of the balance sheet and the elements that...

Accounting
1.2K views

Accounting
1.2K views

which two of the following easily demonstrate railings importance to the global economy number...

Accounting
1.2K views

Santana Rey has found that Business Solutions's line of computer desks and chairs has become...

Accounting
1.2K views

Wenner Corporation would like to use target costing for a new product it is...

Finance
1.2K views

The CEO of a firm and his executive team is primarily concerned with finding the...