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PEMBELANJAAN PERUSAHAAN

PEMBELANJAAN PERUSAHAAN. LECTURE 4a – SOURCES OF SHORT TERM FINANCING. Short-Term Financing. Alternative financing policies Advantages and disadvantages Sources of short-term financing Cost of each source of financing Choosing a bank. Advantages and Disadvantages of Short-term Financing.

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PEMBELANJAAN PERUSAHAAN

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  1. PEMBELANJAAN PERUSAHAAN LECTURE 4a – SOURCES OF SHORT TERM FINANCING

  2. Short-Term Financing • Alternative financing policies • Advantages and disadvantages • Sources of short-term financing • Cost of each source of financing • Choosing a bank

  3. Advantages and Disadvantages of Short-term Financing • Speed: faster than long-term credit • Flexibility: agreement generally less restrictive and if the firm’s business is seasonal, it may not want to commit itself to long-term debt for three reasons: 1. Floating costs are higher for long-term 2. Repayment penalties on long-term debt can be expensive, and 3. Long-term loan agreements contain provisions, which constrain the firm’s future actions.

  4. Advantages and Disadvantages of Short-term Financing (Cont’d) • Cost: interest rates are generally lower on short-term than long-term debt • Risk: short-term financing is at disadvantage to long-term, because of the extra risk that it carries • The lender can demand payment on short notice • The cost of the loan will increase if interest rates increase

  5. Untukmelihat file lengkapnyasilahkanmenghubungikamidiwww.mb.ipb.ac.id

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