Ch 15 Mini-Case q, business. Mort summed it up best when he said, "Grandpa told...
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Ch MiniCase business. Mort summed it up best when he said, "Grandpa told people, 'You pay me when you can, I ain't goin' nowheres." His creditors did the same with him. Today, it's a different game. Cash flow is key, and obtaining funds is no simple task. Additionally, creditors want their money now, not later. Banks are also more demanding. "Heck, Grandpa knew all the bankers he dealt with personally. I see new faces every time I go to the bank. If things don't get better, I suspect after eighty years of service, Tishian's Funeral Home will have its own funeral."
To raise the funds for the major improvements needed the funeral home, Mort has talked to two investors about incorporating his business and selling them shares of stock in the company. Mort is considering the use of
Multiple Choice
debt financing
equity financing
commercial paper
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