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Terry
0450-18-O-N-12-4e
Chan
TOPIC QUESTION - PAPER 1
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Chan
June 16, 2021 at 6:53:03 AM
Oct/Nov 2018
Version 2
5.0 Financial Information and Decisions
5.1 Business Finance: Needs and Sources
YOUR ANSWER
Overdraft is a short-term loan that can enable BG to receive financing immediately. BG will only receive cash and pay workers when customers arrive to the park for holidays, as BG hires part-time employees. As BG’s financing needs are not consistent, using overdraft would be the best way to solve BG’s cashflow problem as it can request for financing only when BG needs it anytime.
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