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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1116 |
Essay's paper body
153)
Once the need for financing has been established a financial manager must determine how to finance the company’s assets. “The most appropriate financing pattern would be one in which asset buildup and length of financing terms are perfectly matched…temporary buildup in current assets is financed by short-term funds…permanent current assets and fixed assets are financed with long-term funds...
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A company may need to look into other alternative mixes of financing such as “using long-term capital to cover part of short-term needs.†(Block & Hirt, 2005, p.156) This mix of financing would ensure the company would have capital at all times.
While large corporate businesses may have the necessary bond and stock offerings needed to acquire the long-term loans needed to sustain a business, most small businesses do not have the capital needed and have to rely on the short-term bank and trade credit...
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General points of the essay
As a recently appointed marketing manager to a local company you have been asked to convince the management team of the benefits of adopting the marketing concept.
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