Asked by
Brandon Henige
on Dec 09, 2024Verified
When the firm takes out a long-term bank loan, then it is considered a use of cash.
Long-term Bank Loan
A loan provided by a banking institution with a repayment period extending beyond one year, typically used for financing significant business investments or acquisitions.
Use of Cash
Use of Cash refers to how a business or individual utilizes their available cash resources, including operating expenses, investments, and financing activities.
- Delve into the association between distinct financial operations and a firm's financial liquidity.
Verified Answer
MJ
Learning Objectives
- Delve into the association between distinct financial operations and a firm's financial liquidity.