Topic: Types of short term credit(loan). Please take care of using numerical examples in your study....

Topic: Types of short term credit(loan).

Please take care of using numerical examples in your study. The number of pages of your homework should be between 5 and 10 pages and the sources you use should be specified in the research in accordance with the research rules. In this assignment, please do not forget to include where are your sources from.

Solutions

Expert Solution

Types of Short Term Credit:

Short term credit is a loan taken to meet a temporary individual or business requirement and which has to be repaid generally within a span of 1 year.

1. Merchant cash advances: cash advance that actually operates like a loan.

2. Lines of credit: a type of business credit card with a credit limit/cap, with monthly instalments paid.

3. Invoice financing: lender gives the money and charges interest based on the time during which the invoices of the business remains outstanding

4. Payday Loans: emergency short term loans which are quite easy to get sanctioned, the entire principal and interest has to be repaid back in lump sum when the payday arrives

5. Online loans: these are also quite easy to obtain, from application to approval everything takes less time.

Sources: corporatefinanceinstitute.com, wikipedia

Note: If the answer is helpful in any way, please upvote :)

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

Topic: Credit financing of fixed assets Please, take care of using numerical examples in your study....

Topic: Credit financing of fixed assets Please, take care of using numerical examples in your study. The number of pages of your homework should be between 5 and 10 pages and the sources you use should be specified in the research in accordance with the research rules. In this assignment, please do not forget to include where are your sources from. Topic: Managment of the coroporation in turkey. 5-10 pages. Please include sources.

Topic: Financing of multi-national companies, Please, take care of using numerical examples in your study. The...

Topic: Financing of multi-national companies, Please, take care of using numerical examples in your study. The number of pages of your homework should be between 5 and 10 pages and the sources you use should be specified in the research in accordance with the research rules. In this assignment, please do not forget to include where are your sources from.

is it useful to take loan and credit to fund your business, especially in the first...

is it useful to take loan and credit to fund your business, especially in the first phase of starting your business

Build a short-term loan model, allowing terms out to 5 years. Take the term, annual interest...

Build a short-term loan model, allowing terms out to 5 years. Take the term, annual interest rate, and principal balance as inputs. Either calculate the required payment or use a payment input cell. Use your model to answer the following questions: - with a term of 5 years and a rate of 5%, what should payments be for a $10,000 loan - how many months will it take to pay off the loan if payments are $1,000 - if all...

Please choose an environmental topic of your choice and read/research the topic and write a short...

Please choose an environmental topic of your choice and read/research the topic and write a short 3-4 page essay outlining the key areas of the topic/issue. This is a topic that you would like to learn more about so that you can share that information in your essay. The essay should contain: Title Introduction - include a brief introduction to the topic, indicating the key areas and why you are interested in the topic/issue. Body - You should include all...

Please choose an environmental topic of your choice and read/research the topic and write a short...

Using diagrams and numerical examples please answer - If competition also known as perfect competition rarely...

Using diagrams and numerical examples please answer - If competition also known as perfect competition rarely exists in the economy, then why study such a model? Should we study “ideal types” even though they may not be duplicated in the real world economy? (NOTE: Consider Plato’s Republic and his use of ideal types in the “realm of the Forms”). Students are encouraged to supplement answers with numerical examples and diagrams

You need to take a loan of $1,500. You have two repayment options: Option 1: Short-term...

You need to take a loan of $1,500. You have two repayment options: Option 1: Short-term 6% interest loan with a term of 1 year. Option 2: 1-year simple interest amortized loan at 6% interest, monthly payments. 1.) Calculate the lump sum payment for plan A. Then calculate the monthly payment for plan B. Explain how you arrived at your answer. You do not need to copy the formulas here; simply explain what formulas you used and how you used...

Please only provide short answers for the discussion topic and the case study question. No more...

Please only provide short answers for the discussion topic and the case study question. No more than 3 sentence response. Discussion Topic: What are the three major causes of brain damage in childhood? Discussion Topic: Why would you use distraction versus traction? Case Study: Adam is a 6-year-old boy who dove headfirst in the shallow end of a swimming pool. Unable to move, he sank to the bottom of the pool and was rescued by his mother. His father called...

Please respond to the Discussion topic. Take time to review the responses of your classmates and...

Please respond to the Discussion topic. Take time to review the responses of your classmates and provide your feedback. Individuals who own homes may take a tax deduction for interest paid. Many individuals believe that this tax law discriminates against individuals who rent. Do you think this deduction is discriminatory? Explain and share your thoughts. Additionally, gifts and inheritances have been excluded from gross income since 1913. Discuss the tax consequences of gifts made of property and any income produced...

Subjects