Question

if your firm is short of cash and a telemarketer happens to call offering your firm...

if your firm is short of cash and a telemarketer happens to call offering your firm a loan , you should..

a, check it out because your firm has nothing to lose.

b. first go to your company's regular bank before considering a loan from an unfamiliar source.

c. consider it if it is offered regardless of your firm's credit problems.

d. seriously consider any source of a loan if your firm needs cash.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Option c.

First go to your company's regular bank before considering a loan from an unfamiliar source.

Hence option c is correct.

Add a comment
Know the answer?
Add Answer to:
if your firm is short of cash and a telemarketer happens to call offering your firm...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Aa Aa 12. Short-term financing Why use short-term financing? Cash flows from operations may not be sufficient for a fir...

    Aa Aa 12. Short-term financing Why use short-term financing? Cash flows from operations may not be sufficient for a firm to keep up with growth-related financing needs, or the firm may not be able to always generate enough cash flow to maintain a surplus of cash. Firms prefer to borrow now to fulfill their capital requirements through means of short-term financing or long-term financing. Both methods have their advantages and disadvantages. The following statement identifies a possible characteristic of short-term...

  • Assume a short-term cash lender is located in your neighborhood. Your friend Mark is short on...

    Assume a short-term cash lender is located in your neighborhood. Your friend Mark is short on cash this month and talks to the lender. The lender tells Mark that he can get a $230 loan for 5 days. Mark will get his pay check in 5 days and will be able to pay back the loan at that time: the $230 borrowed, plus a fee (interest) of $12, for a total of $242. Mark knows that 22.99% APR on credit...

  • Short term Financing 1) Your firm issues 20-year bonds. This type of financing would be most...

    Short term Financing 1) Your firm issues 20-year bonds. This type of financing would be most appropriate for which of the following activities? A) The support of accounts receivable B) The construction of a new warehouse C) The support of accounts payable D) The financing of inventory 2) Your firm borrows money from the bank on a short-term note due in 9 months. This type of financing would be most appropriate for which of the following activities? A) The support...

  • QUESTION 7 1 po Your firm is short of cash but can borrow from its credit...

    QUESTION 7 1 po Your firm is short of cash but can borrow from its credit line at an annualized cost of 5%. Further, your firm has just been offered trade credit terms of 2/10 net 30 for purchases made from a supplier How and when should you repay the trade credit obligation? O a on receipt with funds borrowed from the credit line Ob on Day 30 with funds borrowed from the credit line O C on Day 10...

  • Tutorial 8- Ethics- Extension Question Case: You are a partner in a three-partner firm of accountants. The firm generates fees of approximately $1.4 million per annum. Within your portfolio of c...

    Tutorial 8- Ethics- Extension Question Case: You are a partner in a three-partner firm of accountants. The firm generates fees of approximately $1.4 million per annum. Within your portfolio of clients is Company A, an annual turnover in excess of $15 million. Company A has a financial year end in July 2014. The audit work commenced in June 2014, and the audit report was finally signed in August 2014. By the end of August, the tax return had been submitted...

  • 8. Calculate annuity cash flows Aa Aa Your goal is to have $20,000 in your bank...

    8. Calculate annuity cash flows Aa Aa Your goal is to have $20,000 in your bank account by the end of four years. If the interest rate remains constant at 6% and you want to make annual identical deposits, how much will you need to deposit in your account at the end of each year to reach your goal? $3,657.48 O $3,200.30 O $4,571.85 O $5,486.22 If your deposits were made at the beginning of each year rather than an...

  • 2) Your firm borrows money from the bank on a short-term note due in 9 months....

    2) Your firm borrows money from the bank on a short-term note due in 9 months. This type of financing would be most appropriate for which of the following activities? A) The support of accounts receivable B) The construction of a new warehouse C) The support of accounts payable D) The financing of new equity 3) Which of the following is NOT considered a source of short-term financing? A) a 10-year bond B) a banker's acceptance C) a 90-day bank...

  • Please answer 17.8 & 17.11 L01 LO 2 L01 LO 1 L01 General Motors had $32...

    Please answer 17.8 & 17.11 L01 LO 2 L01 LO 1 L01 General Motors had $32 billion, and Toyota had about $42 billion. Why woulu firms such as these hold such large quantities of cash? 17.5 Short-Term Investments. Why is a preferred stock with a dividend tied to short-term interest rates an attractive short-term investment for corporations with excess cash? 17.6 Collection and Disbursement Floats. Which would a firm prefer: a net collection float or a net disbursement float? Why?...

  • Assignment : Imagine that a friend who knows you are working toward your degree in business...

    Assignment : Imagine that a friend who knows you are working toward your degree in business administration is complaining about interest rates. Perhaps they think the rate they are getting on savings vehicles, like money markets, is too low, or the interest they are paying on their mortgage is too high. They conclude that it seems like no matter what they lose. 1) Respond to your friend's concerns. Be sure to be specific in supporting the points you are making...

  • Two Separate problems. Q#5 & Q#6 Thank You! Cash budgetBasic Grenoble Enterprises had sales of $49,600...

    Two Separate problems. Q#5 & Q#6 Thank You! Cash budgetBasic Grenoble Enterprises had sales of $49,600 in March and $59,800 in April. Forecast sales for May, June, and July are $69,600, S80,100, and $99,900, respectively. The firm has a cash balance of $4,700 on May 1 and wishes to maintain a minimum cash balance of $4,700. Given the following data, prepare and interpret a cash budget for the months of May, June, and July. (1) The firm makes 16% of...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT