Sources of Short Term Finance Flashcards
1
Q
Expansion
A
The growth of a business’ products and service offerings.
2
Q
Emergency Funding
A
Money which is set aside for emergency situations such as unexpected bills, injury, natural disasters.
3
Q
Start-Up Capital
A
Money that is required to start a new business.
4
Q
Working Capital
A
The cash available for the day-to-day operations of a business. Ratio for working capital is WC=Current Assets/Current Liabilities.
