Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The most common sources of medium - term finance forinvestment in capital assets are hire purchase and leasing. Leasing and hire purchase are financial facilities
The most common sources of medium term finance forinvestment in capital assets are hire purchase and leasing. Leasing and hire purchase are financial facilities which allow a business to use un asset over a fixed period, in return for regular payments. The business customer chooses the equipment it requires, and the finance company buys it on behalf of the business Write about the types of leases with some examples Domestic and international
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started