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Rahul Fashion, a reputed garment manufacturing unit needs to fund its day-to-day expenses, like wages, rent and maintaining a stock of raw material. The owner approached his raw material supplier to give them credit for two months so that he can get cloth for making garments without making immediate payment. The supplier made an enquiry regarding Rahul and found that his reputation of giving payment is not very good. In the past, lenders were not very happy. What is the source of finance Rahul is trying to get? |
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Answer» Rahul Fashion, a reputed garment manufacturing unit needs to fund its day-to-day expenses, like wages, rent and maintaining a stock of raw material. The owner approached his raw material supplier to give them credit for two months so that he can get cloth for making garments without making immediate payment. The supplier made an enquiry regarding Rahul and found that his reputation of giving payment is not very good. In the past, lenders were not very happy. What is the source of finance Rahul is trying to get? |
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