- •Are the planets habitable?
- •Grammar and lexical exercises
- •I. Translate the following sentences into Ukrainian paying attention to the functions of the Participle I, II
- •II. Translate the following sentences into Ukrainian paying attention to the function of the Participle I, II.
- •III. Translate the following sentences into Ukrainian paying attention to the Participial Construction.
- •IV. Translate the following sentences paying attention to the meaning of the words in bold type.
- •V. Arrange the following words according to:
- •VI. Render from English into Ukrainian, Give the title of the text.
- •VII.Translate the following stable expressions into Ukrainian.
- •VIII. Build the Adjectives adding the suffix -able (ible) and translate them into Ukrainian.
- •Додаткові тексти
- •Languages for other tasks
- •Trade credit
Trade credit
Trade credit is like a department store charge account. Customers charge purchases to their accounts for payment at a later date. In the case of trade credit, the customers are businesses whose suppliers allow them to charge purchases for payment at a later date.
Loans from financial institutions, such as banks and finance companies, are another source of short-term credit.
Finally, some of the nation's largest businesses can look to loans from investors to meet their short-term financial needs. If, for example. General Motors needed $10 million to finance a payroll, it could raise the money by selling commercial paper—a kind of IOU issued by a corporation, promising to repay a sum of money at a specified rate of interest. Investors wishing to earn interest on their surplus funds can buy these lOU's from brokers specializing in such investments.
Federal law requires that all loans be expressed in terms of the annual percentage rate or APR. The APR of loans that are discounted is always higher than the rate quoted. This is true because the amount the borrower received is less than the amount actually loaned.
In the example below, Snugasabug had the use of only $9,600 for the three months of the loan, not the $10,000. Thus the $400 in interest was paid on a loan of $9,600. $400 is 4.17 percent of $9,600 and since the money was loaned for only 3 months (or one quarter of a year), the annual percentage rate (APR) was 16.68 percent.
Long-term Financing. Long-term financing is money that will be used for a year or more. Building a factory, purchasing
equipment, launching a major research effort are the kinds of projects that require long-term financing.
Why would anyone lend money to a business for a year or more? The reason is that revenues from these kinds of projects (like a new factory) continue to flow for a long period of time. This makes it possible for borrowers to repay their loans as promised.
The most common sources of long-term financing are retained earnings, long-term loans, and the sale of stock.