O'Reilly logo

Finance and Accounting for NonFinancial Managers, 3rd Edition by Eliot H. Sherman

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

 9 

Managing Liabilities

Image

Learning Objectives

By the end of this chapter, you should be able to:

•  Explain the role of debt in the growth of a business.

•  List and explain the criteria used to evaluate a credit application.

•  Analyze bank loan pricing.

Neither a borrower nor a lender be;

For oft loses both itself and friend,

And borrowing dulls the edge of husbandry.

This above all: to thine own self be true,

And it must follow, as the night to day,

Thou canst not then be false to any man.

—William Shakespeare, Hamlet: Act I, Scene 3

OVERVIEW

This quotation, among the most famous in literature, may have been useful advice in its day, ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required