Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. what is the difference between short-term debt and

What is the difference between short-term debt and long-term debt? Describe in detail how debt relates...

90.2K

Verified Solution

Question

Finance

What is the difference between short-term debt and long-termdebt? Describe in detail how debt relates to financialmanagement

Answer & Explanation Solved by verified expert
4.4 Ratings (625 Votes)
Shortterm debt is debt that has a maturity of less than 1 year This is shown under current liabilities portion of the balance sheet This included accounts payable notes payable bank overdraft etc Longterm debt is    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

What is the difference between short-term debt and long-termdebt? Describe in detail how debt relates to financialmanagement

Other questions asked by students

Q

List the fruit peels other than orange having esterase enzyme and compare them based on the quantity...

Biology
Q

For each behavior, apply ONE of the theoretical perspectives to explain to explain how that behavior...

Psychology
Q

Because of channel conflict problems, it is not good for brick-and-mortar companies to adopt the multi-channeling strategy. Is...

General Management
Q

9 Duchenne muscular dystrophy is an example of an X linked recessive disorder that causes...

Biology
Q

1 Let f x 6x 5 and g x X 1 f g x 6x...

Algebra
Q

8 6 4 Y 8 6 7 4 6 8 1 y g x 2...

Algebra
Q

Express f x in the form f x x k q x r for the...

Algebra
Q

Lincraft Corp. reports a current ratio of 3-to-1 in its 202 financial statements....

Accounting
Q

12. The following are the Jensen Corporation's unit costs of...

Accounting
Q

Williams Company is a manufacturer of auto parts having the following financial statements for 2016....

Accounting
Q

Beale Management has a noncontributory, defined benefit pension plan. On December 31,2024(the end of Beale's...

Accounting
Q

Assume a company uses the weight-average method in its process costing. Its Work in Process...

Accounting